Taking out a home loan is often your most significant financial decision, but it is easy to just keep making repayments without reviewing your options over time.


Since purchasing your home, your lifestyle, family or financial situation may have changed and there might be another home loan more suited to your circumstances now. In addition, you may discover a better deal, new features, or different ways to use your money.


Some of the common reasons for refinancing include:

  • Lower interest rate: You might not only save money, but be in a better position to pay your home loan off sooner.
  • Fixed rate versus variable rate: You might be coming to the end of your fixed term, or want to switch between a fixed rate or a variable rate.
  • Consolidate your debt: Combine multiple debts, such as credit cards and personal loans, into your home loan.
  • Access the equity in your home: You might have extra value in your property you want to use for renovating, investing or taking an overseas holiday.
  • Product features: You might be looking for a loan with features better suited to your circumstances.

If you took out a home loan a couple of years ago, now could be a great time to review your current circumstances and the options available, to ensure your current home loan still works for you.


We developed the Refinancing your home loan guide, to help you switch home loans as easily as possible.


G&C Mutual Bank offers a free Home Loan Health Check which can help take out the guess work. If you are paying a high interest rate, excess fees, if you are frustrated by poor service, or if your financial circumstances have recently changed, it’s time to review your home loan. To book your free Home Loan Health Check, contact us, book a Mobile Lender or visit a Service Centre.​

Refinance with G&C Mutual Bank

Home loan calculators

Our handy home loan calculators can help you determine the amount you can borrow and what the monthly repayments may be.