When you’ve been in your home for a while, you may want to think about refinancing your home loan. The chances are, you have some equity in your home, and are keen to shop around for a lower interest rate. Or, you may want to free up some of the equity in your home for another purpose, such as buying a car, a long-awaited holiday or another lifestyle purchase.
Refinancing is the process of paying out your existing loan by taking out a new one, often with a different lender.
GMCU is currently offering – for a limited time only – a special discounted variable rate on our basic variable home loan. Provided you have an LVR (loan to value ratio) of up to 80% on your current mortgage, and don’t have an existing home loan with GMCU, you’re eligible to apply.*
“We have a discounted offer on the current basic variable home loan, at a pretty compelling rate,” said Rob Chaston, Credit Manager at GMCU.
“A homeowner who successfully applies for this offer could make some monthly savings in the family budget.”
This loan is also packed with features such as 100% offset, and redraw facility.
Come in and have a chat to our friendly loan staff, who will help you work out whether refinancing your home loan to GMCU is right for you.
*Credit eligibility criteria, terms and conditions, fees and charges apply.
