Why refinance with us?
3. Know what’s possible
Now that you’ve got a better idea of your situation, it’s time to think about what you could gain by refinancing.
While most people are looking for a better rate, don’t forget that there are other features that could give you a boost in the long term. Do some research about the current market rate, as well as the features on offer from other loans.
Here are some things to think about when deciding on what you’d like out of your loan:
liteBlue Variable Rate home loan
6.14% p.a.^
liteBlue variable rate owner occupied <60% LVR
6.15% p.a.^^
comparison rate
- Variable rate
- Fixed rate (1-5 years)
- $199 application fee
- No ongoing fees
- Free unlimited online redraw
- Additional repayments
- Top up available
- Split loan available
- Construction loan available
- 30 year maximum loan term
myBlue Fixed Rate home loan
5.99% p.a.^
myBlue 1 year fixed rate owner occupied <60% LVR
6.21% p.a.^^
comparison rate
- Variable rate
- Fixed rate (1-5 years)
- No application fee
- No ongoing fees
- Free unlimited online redraw
- Additional repayments
- Top up available
- Split loan available
- Construction loan available
- 30 year maximum loan term
- Up to eight 100% interest offset accounts
myBlue Variable Rate home loan
6.24% p.a.^
myBlue variable rate owner occupied <60% LVR
6.24% p.a.^^
comparison rate
- Variable rate
- Fixed rate (1-5 years)
- No application fee
- No ongoing fees
- Free unlimited online redraw
- Additional repayments
- Top up available
- Split loan available
- Construction loan available
- 30 year maximum loan term
- Up to eight 100% interest offset accounts
6. Applying for your new loan
Once you’ve found a home loan that ticks all your boxes, all that’s left to do is apply. The process will be much like it was when you applied for your current loan, and with any luck you’ll have a new loan sorted in a matter of days!
Whether you’re going directly to a lender or through a broker, here’s some of the information you’re likely to need:
- Personal details
Think name, age, address, family situation. You’ll also need to supply proof of your identity. - Property & loan details
Details about your property, including type and location, as well as information about your current loan. - Employment details
Information on your current and past employers, as well as evidence of your current income and earnings. - Expenses, assets & liabilities
Details and evidence of your current exp[enses, as well as any assets (cars, investments) and liabilities (credit cards, personal loans).
If you’re applying to refinance with us, there are a number of ways you can get the ball rolling:
Make your money work
Find your home with us
Choosing a home loan is personal. We’ve put together a collection of resources to help you make the right choice for you.