Refinancing your home loan is easier than you thought.
With banking reforms abolishing home loan exit fees and the new account switching reforms making it easier to move your transaction accounts from another bank to bankmecu, refinancing your mortgage has become much easier than in the past.
bankmecu’s General Manager Lending & Personal Banking John Yardley says, “there are many good reasons to consider refinancing your mortgage. Perhaps your financial circumstances have changed, you are dissatisfied with your existing lender or your current mortgage no longer suits your needs”.
bankmecu encourages all consumers who have an existing mortgage with one of the major banks to review what you are receiving from your current lender and look at the benefits of refinancing your mortgage with a customer owned bank.
Unlike the Big 4 banks, who are all owned by external shareholders bankmecu is owned by its customers and operates in a responsible way that provides mutual benefit for all customers, the community and the planet.
“As a customer owned bank, bankmecu reinvests our profits back into bank to make our products even more competitive for the benefit of all customers. For instance, our customers were collectively $20.1 million1 better off last year compared to banking with the Big 4 banks”, said Yardley.
bankmecu encourages all consumers who are looking to refinance their mortgage to look beyond banking with just the Big 4 banks and consider switching to a customer owned bank, that gives something back to it’s customers.
“Our customers can visit one of our service centres, or they can actually complete the whole process online. A good first step is to visit our website and check out our handy guides and use our calculators to work out repayments”, said Yardley.