Why Repricing Could Be Your Smartest Move Yet
When it comes to saving on your home loan, many borrowers assume refinancing is the only way to get a better deal. But there’s another option that’s gaining traction — repricing.
Repricing allows you to negotiate a lower interest rate with your existing lender, without the hassle of switching banks. It’s faster, simpler, and often just as effective.
In fact, recent data shows that Australian homeowners saved $84.5 million in interest costs in 2024 through repricing. On average, borrowers saved $972 annually, with some saving over $10,000 per year — all without changing lenders.
Why brokers love repricing:
- No need for lengthy paperwork or credit checks
- Clients stay with their current lender
- Immediate savings, especially for those exiting fixed-rate terms
So before you consider refinancing, talk to your broker about repricing. A better deal might be just a conversation away.