Planning on giving your finances a boost by refinancing your mortgage?

Well, you’re not alone. Following a string of rate rises last year, borrowers are refinancing in record numbers, according to PEXA research. And ABS finance and wealth spokesperson, Katherine Keenan, says recent data shows owner-occupier refinancing with different lenders remained at record levels in 2022, above $12 billion.

For many, mortgage repayments take the biggest chunk of the household budget which has become increasingly stretched by the rising cost of living. So, now may be a good time to give your mortgage a thorough look over.

We’ll fill you in on why it may be a good idea to refinance your mortgage, what to look out for, and how you can get a helping hand with our special cash back offer!^

Why refinance?

If it’s been a while since you’ve revisited your mortgage, you could be paying a higher interest rate than you need to.

Lenders like to offer all the bells, whistles, and better rates to new customers in a bid to get their business. And if your fixed-rate mortgage good times are about to stop rolling, you too could get in on the new customer woo-fest and shop around for a better interest rate.

With the right offer, it can really pay off – refinancers saved on average $1,524 per year, according to 2022 PEXA data. Over three years, that adds up to an extra $4,572 in your pocket for renovations, savings, extra repayments, or whatever you like. And you don’t always need to move to another lender to see savings. You could refinance or negotiate with your existing lender.

Ditch the hassle

We know the ins and outs of refinancing and can help find the most suitable hassle free loan for you. So if you’d like to know more, get in touch today on 1800 353 041 and arrange to speak with a lending specialist or book an appointment online.

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^ To view full Terms and Conditions on this product please click here.  Applications are subject to Dnister credit assessment criteria. Interest rates are subject to change without notice and should be verified with your local branch. Terms and conditions, including fees and charges, apply. For full details on our products and an analysis of your personal requirements, please arrange for an appointment with one of our friendly lending staff by contacting your local Dnister branch.