Why November Is a Smart Time to Refinance (and Why You Still Have Time Before Christmas)

November is one of the best times of the year to refinance. Banks are still pushing to meet their targets; and there’s loads of time to have your new loan sorted before you even think about the Christmas rush.

Refinancing, more often than not, is quick, seamless - and incredibly satisfying on the hip pocket!

Refinance now, relax later. November’s the month to get it done!

Banks are still motivated to win your business

Lenders are still chasing their end-of-year settlement numbers, which means sharper rates, faster decisions, and more flexibility to negotiate. If you’ve been meaning to review your loans, this is a window where banks are competing for your attention.

Loyalty is probably costing you money

Plenty of borrowers are still languishing on stagnant rates without realising this: banks reward new customers and unfortunately...quietly penalise loyal clients. A small rate tweak on a large loan can mean thousands in savings each year - sometimes, you don’t even need to change lenders.

New valuations provide new opportunities

Property values have lifted in almost every area this year (certainly in Sydney, where I'm based). A new valuation will likely improve your loan-to-value ratio, giving you access to sharper pricing, or additional equity to release for renovations or investment.

December and January are still in play

Start now and you’ll have options. Whether you want to settle before the holidays or early in the new year, we can get it done fast - the key is to get the ball rolling while lenders are still moving quickly too.

If you haven’t checked your home loan in the past year, you’re probably paying too much. I’ll tell you quickly whether it’s worth refinancing, and if it is, we’ll get it sorted, fast. And then - you'll have more money in your pocket before you start filling those stockings!

*This blog is for general lending information, not financial advice.