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INSIGHTS
Ready to refinance? Lucky for you, at Hume Bank, we’re passionate about delivering savings and value without too much effort on your end.
You can refinance your home with us in just four simple steps.
- Review your current loan
Start by reviewing your current loan documents and think about what you want to get out of your refinance. When looking at your current loan documents it’s important to run your eyes over your existing mortgage terms – so you know what your current interest rate is and how much you have remaining on your loan. Understanding your existing terms will help you decide what you are looking for in a refinance (hello, lower interest rates!)
- Run the numbers
At Hume Bank we want you to know upfront what you could be saving, that’s why our Home Loan Comparison and Home Loan Repayments calculators are great places to start when thinking about how much refinancing could save you. Want to know the current refinance rate at Hume Bank? Click here
It is also important to consider what fees you might incur for refinancing and take these into account when running the numbers on your savings.
- Check your credit score and prep your documents
Things are getting serious now! Before you jump into applying, you’ll need to get some documents and information ready before applying. This saves you time in the long run and means the application process will be smooth sailing.
Whether you’re looking at our 24-hour time-to-decision or normal everyday refinance, contact us today and we’ll help get you started.
- Submit your application
With our new online experience, you can submit your application to refinance your loan from the comfort of your lounge room (or office – we won’t tell the boss).
If you’d prefer to chat with one of our friendly Lending Specialists, you can book an appointment.
Bonus Step: Celebrate
We know we said four steps, but let’s be real, celebrating taking refinancing off your to-do list is worth mentioning. Congrats!