Whether you’re looking to pay off your home loan sooner, keep your repayments low, or simply want the flexibility to move or renovate as you please, refinancing your home loan with The Rock can help you achieve better value and more competitive loan options.
When it comes to refinancing, there are some important things to consider.
Don’t just look for the lowest interest rate. Compare the interest rates, fees, and features of your current home loan to your other home loan options. If you’re adjusting your home loan to suit your changing lifestyle think about what’s changing and what you need to accommodate that change. There’s no point refinancing to a lower rate home loan and then paying for features you don’t need.
Do the maths.Are there any establishment fees associated with starting your new loan? Are there any government charges involved? Make sure you’re aware of any additional costs that might arise if you change loans so you can be sure it’s not actually costing you more to refinance.
To apply to refinance your home loan or discuss your options with a local lending expert, you can make an appointment, call on 1300 083 793 or drop into your nearest Rock branch.
At The Rock, we make switching your home loan easy, and we guarantee you’ll have a decision on your new loan in 60 minutes. Just call us on 1300 083 793 or make an appointment to visit us in branch and we’ll get your application underway. It’s as simple as that.
With a home loan from The Rock, you’ll benefit from:
^The Rock reserves the right to withdraw this offer at any time.
View and compare our home loan products to find the right loan for you.
Applying for a home loan with The Rock is easy, and we’ll keep you up to date with what’s happening every step of the way. Check out our step-by-step guide to the application process below.
Download our home loan checklist to help you get your documents ready, then drop into your nearest branch or call 1300 083 793 to begin the application process. We’ll process your loan application on the spot, subject to an employment check, valuation & lender’s mortgage insurance. You’ll have a decision on your home loan within 60 minutes, guaranteed.
We’ll check your documents, including your employment history, to verify that they’re all correct.
We’ll order a valuation to verify the value of your preferred property. The valuer will get in touch with the real estate agent directly and arrange the valuation; then report back to us.
If it’s required, we’ll apply for Lender’s Mortgage Insurance. If you have a sizeable deposit, you may not need it. We’ll let you know either way.
At this stage, once your details have all been verified, the valuation is satisfactory and mortgage insurance (if required) approved, we’ll unconditionally approve your loan, which is a 100% guarantee that we’ll be financing your home loan.
At this stage, your loan will be opened, and the arrangements to book settlement will be made with your conveyancer and settlement will take place at an agreed time.
Think you’re ready to apply? Make an appointment with your local lending expert today, give us a call on 1300 083 793 or drop into your nearest branch.
Refinancing your home loan could allow you to unlock equity in your home. You can use this to start renovating, buy an investment property or to consolidate your debt by combining your credit cards and personal loans with your home loan.
The Rock has worked with many homeowners to refinance their home loans. Our home loan experts can offer local knowledge, tailored home loan advice and will work with you to find a flexible home loan solution.
With a variable rate home loan, your interest rate fluctuates as the market does. The Reserve Bank of Australia’s monthly Official Cash Rate announcements, along with local and global economic decisions all influence the banks’ decision to shift or hold rates.
With a fixed rate home loan, you can lock in your interest rate for a specified term, usually 1, 2 or 3 years. This can give you certainty when it comes to repayments, as you know they won’t change, even if the interest rate does.
The Rock's Line of Credit facility is an effective way to access the equity in your in your home whenever you need to. It also provides great flexibility by offering access via ATMs, EFTPOS, Internet Banking, Phone Banking and cheques together with direct entry facilities.
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We don’t give compliments often but in this instance Adam has gone above and beyond to secure us our home loan and see us through to completion of settlement, he is a valuable asset to the Rock.
I was very pleased with the service, honesty and especially the positivity of The Rock. Thanks to Paul Wilson I am now on my way to owning the home I have been renting for nine years.
At The Rock, we strive to do the kind of things we believe other banks should be doing. Like offering local, friendly service backed by competitive products and giving back to the communities we’re part of.
Having been around for more than 50 years, we’re experts in transaction facilities, savings accounts and lending products and offer a range of comprehensive insurance products through a partnership with CGU, a leading Australian insurance provider.
We’re all about exceeding our customers’ expectations and we’ve built a strong reputation offering a wide range of financial services right across Australia.
The Rock - A division of MyState Bank Limited (MyState) ABN 89 067 729 195 AFSL 240896 Australian Credit Licence Number 240896. A wholly owned subsidiary of MyState Limited ABN 26 133 623 962.