Why a small lender is the best bank to refinance with

In the old days, getting a mortgage meant committing 25 or 30 years of your life to one bank. That’s almost unfathomable now, and with good reason.

It’s important to check in and see if you’re getting the best deal. Refinancing your home loan can be a great way to save money: you can land a better interest rate, switch up your product to suit your needs or use your existing equity to change up that old kitchen.

But bigger isn’t always better – that’s why we have puppies and mini donuts. If you’re thinking about switching, take the opportunity to fall in love with a smaller lender.

Smaller banks mean bigger savings.

Little guys don’t have the costs associated with a large branch network, so we can afford to offer highly-competitive rates without scrimping on loan features.

Before you start, check out the potential cost to refinance your loan . There are various charges you could be up for when you pay out early and set up a new loan. Choose a bank like ME with no application fees and save.

Find a better interest rate – and personalised service.

Rates may have changed since you signed on for your mortgage. If you have a fixed-rate home loan, you could find a much better comparison elsewhere . Lenders are always looking to attract new customers, and you might weigh up home loan switch offers or the benefits of introductory rates .

But a small bank takes it one step further. As well as enjoying enticing offers, ME customers know they’re more than just a number. Come for the great rates, stay for the ME mobile banker who understands your needs.

Make your money easier to manage.

Refinancing can be a chance to lock into a competitive fixed rate and enjoy more certain repayments, which makes your loan easier to budget for.

Or, if there’s a bigger expense you’ve been planning for, like a holiday or new car, refinancing can give you access to the equity in your home.

A ME mobile banker can help you understand the best option for your situation.

Enjoy the features you really need.

As our lives change, the sort of loan features we need can alter dramatically.

A first home owner may not have much scope initially to save beyond their repayment, but as time goes on the interest-trimming benefits of an offset account may appeal. Or, you might be an investor who wants to expand your portfolio with helpful redraw options.

Even if your circumstances haven’t changed, it’s worth taking a look to see which innovative features you could take advantage of. Home loans are becoming more flexible all time, and there may be something exciting waiting on the other end of the application.

Pay your home loan off sooner.

A small bank can offer a tailored home loan solution. You could also take the opportunity to consolidate some debts folding them into a single low rate loan. This can lower the rate you pay across all your debts to provide valuable savings on repayments and free up extra cash to pay off your loan sooner.

Having a better product may free up extra dosh to pay down your loan faster and save heaps on interest.

Choosing a smaller lender can make refinancing your home loan a dream. Find out what you need to do before you start, then speak to a ME mobile banker for a tailored path to success.