The refinancing process is easy. The challenge is being confident you’re getting the best home loan deal for your needs. And Mortgage Choice research shows that over 1 in 2 homeowners are wary about approaching their bank for a refinance out of concerns they won’t be advised if they could get a similar or better home loan deal elsewhere. There are other reasons why your Mortgage Choice broker is the person to speak to about refinancing. Banks know a lot about their own home loans. But no matter how big the bank, their staff can’t be expected to be familiar with the hundreds of other loans available elsewhere.

The Coronavirus pandemic seems to have accelerated the desire for home ownership, according to Mortgage Choice research. Nearly 45% of respondents to our recent survey said they are more likely to want to purchase a home now, with a similar number feeling optimistic about achieving their homeownership goals. The pandemic has proved to be a ‘wake up’ moment for many Aussie home buyers driving a focus on financial security - now and in the future. ABS loan approval data backs this up. First home buyer activity is at at a 10 year high, driven by state grants and record low interest rates2 and it could be set to increase through 2021. With more buyers set to search for their first home, it begs the question - how do you stand out in a seller's market?