Leaving your old lender?

Don’t worry, Well is here to make sure it’s not a messy break up and you you stay in full control. Our award winning mortgages have the kind of features you’d expect from a bank, with the super low rates from an online lender and the personal support you’d expect from a family run company.

Note: Lowest rate shown is our variable P&I home loan for owner occupiers.

And so you should!  A lot of people don’t review their home loans and can get stuck.  A home loan that seemed great when you first started, can become not so great as your circumstances change.  We get that life happens and everyone should be checking out whether a new home loan could be right for them.  With a Well Home Loan, not only do we have great features, but we’ve also got super-low rates that could save you thousands!

Refinancing your home loan can be one of the best cost-cutting measures you can take to help reduce your monthly repayments.

If your existing lender can’t match our super low rates, maybe it’s time to experience a better kind of home loan.

Get your personalised borrowing scenario before you commit to a home loan.  No upfront credit reports means we make sure we’re right for each other first.

We don’t wait to reward you with lower rates. Our super-low interest rates save you from day 1!

No gimmicks, no pro-packs stuffed with features you don’t want but need to take, no unfair loyalty systems.  Just great features, at a great rate.

Now that you’re considering a change, Well might be the better option. Changing your home loan provider is often seen as a difficult and time consuming process. It doesn’t have to be and it can be well worth your while to review this every couple of years to make sure you’re getting a good rate.

Don’t worry, we’re here to help make sure that it’s not a messy break up and you stay in full control.

Some of the more common scenarios that perfect for you to refinance can include:

• Finding a better rate to lessen your repayments (or keep them at your old level for faster payoff!).
• To leverage some equity in your property.
• Consolidate some other debts (within reason of course).
• Access to more appropriate features for your stage of life.

Most lenders will have a fee that is payable when you look to switch. So if you’re going to refinance with another lender, you will have to pay your current lender this fee.

Your old mortgage may have had an LMI premium which you paid. When you switch you may have to pay a new LMI premium – which is usually payable depending on your LVR. Whilst it may be capitalised into your new loan, it’s another fee that you may need to pay.

If you’re currently on a fixed rate home loan, then this could be quite costly to switch. Every lender will have provisions for what’s known as a “Fixed Rate Break Cost”. It will be in your current loan contract and is paid to the lender if your fixed-rate expiry date hasn’t occurred yet. It’s not a known cost and is quoted at the time you request it from your current lender.

Get even more information below

Grab our latest brochure or if you want to compare apples with apples and see how the Well Balanced stacks up against others, get a Key Fact Sheet!

When looking at your home loan options, it’s important to get the numbers right.  Start your WellCheck today, the fast and simple way to get your personalised borrowing scenario in less than 60 seconds.

We started Well Home Loans with a mission of keeping our rates as low as possible while ensuring that the service we provide to our customers is second to none. The Well Balanced home loan is an award-winning product that’s designed to be flexible.  It comes with great features that you can choose if you need it, without sacrificing our super low rates.

We’re a different kind of online lender that treats you like part of our family, keeping it simple and convenient.

Access to your very own Australian based home loan consultant who will be there with you for your entire home loan journey.

We’re a different kind of online lender that treats you like part of our family, keeping it simple and convenient.

We’re not a traditional online lender. We’re a non-bank lender that just happens to live online. So what that means is some good old fashioned customer service is at the heart of what we do.