How to check you’ve still got the right home loan

When you first bought your home, the mortgage you took out with us would have suited your needs at that time. But life happens and things change – even our home loans.

That’s why it’s always a great idea to get back in touch with a Home Lending Specialist for a home loan health check. We can make sure you’ve still got the right home loan and that you’re making the most of it – or we can recommend a better one for you.

What does a home loan health check look like?

A Home Lending Specialist will look at the products, features and interest rates you currently have, and give you a clear view of your current banking situation. Expect a discussion about you and the now. They may ask you a few questions to better understand what really matters to you, so they can recommend a home loan suited to your needs.

Don’t worry, there isn’t much paperwork to fill out – and we don’t expect you to bring anything except a valid form of ID.

Potential benefits of a home loan health check

Reviewing your home loan could mean you get better interest rate, or more flexible features and add ons to help you:

Save money and pay off your mortgage sooner

To help reduce your home loan interest, you might want to link an offset account to your mortgage or be able to make extra repayments.

See some tips on how to save money on your mortgage and use our repayments calculator to see how much time and money you could save by making extra repayments.

Move, renovate or invest

To help pay for things like home improvements, investment opportunities or a new house, you might want the ability to redraw your extra home loan repayments, access your equity or apply for additional lending.

Manage your finances

To help make managing your finances and budgeting easier, you might want more flexible repayment options, the possibility to split your loan between fixed and variable, or to consolidate your debts into your home loan.

Got a mortgage with another lender?

​Our Home Lending Specialists can review your mortgage to see how refinancing your home loan to us could better suit your needs or save you money.

About this article

We take care of all the BS (bank stuff) so you can access the knowledge you need to make informed decisions. When we write a guide or article, we take steps to make sure the information is relevant, accurate and most of all, helpful.

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Ask an expert

Get in touch with a Home Lending Specialist, and they’ll respond within one business day. You can talk on the phone, meet at a branch, or have a Mobile Lending Manager come to you.

The information contained in this article is of a general nature and is not intended to be nor should it be considered as professional advice. You should not act on the basis of anything contained in this article without first obtaining specific professional advice. Also to the extent permitted by law, Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945, its related bodies corporate, employees and contractors accept no liability or responsibility to any persons for any loss which may be incurred or suffered as a result of acting on or refraining from acting as a result of anything contained in this article.