There are many reasons to refinance your home loan. For some homeowners, it might be to get a better interest rate and lower monthly repayments, or to access different features such as redraw and unlimited extra repayments. Other people might refinance to access the equity in their property for a home renovation, to buy a new car or consolidate their debt. And some might simply want to switch to a lender that truly cares about them and provides the level of service they need. Each to their own.