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Community 16/Dec/2024

January 2025 SmartLINK Newsletter

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January 2025 SmartLINK Newsletter

Finance 27/Nov/2024

Manage your money with these free apps

It is great to check your account balance and pay bills quickly with the BankWAW app or pay with your digital wallet at checkout. It is also nice that there is a range of apps out there that can help you budget and manage your money. We pvoide some examples of apps that can help you manage your money.

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Manage your money with these free apps

Finance 06/Sep/2024

Leading With Purpose

Michael Mack, CEO of BankWAW, recently joined a delegation of 39 representatives from 25 customer-owned banks at Parliament House in Canberra to represent the voice of their customers and assert their leadership role in a landscape often dominated by the big four banks. The visit provided a crucial opportunity for industry leaders to engage directly with senior officials, including Treasurer Jim Chalmers MP, Assistant Treasurer Stephen Jones MP, and other Members of Parliament.

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Leading With Purpose

Security 30/Aug/2024

A job offer that is too good to be true

While reported job scam losses have shown a slight decline this year, the threat remains significant with Scamwatch reporting $6.4 million in losses to employment scams. Here are some tips on how to spot and avoid employment scams.

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A job offer that is too good to be true

Security 29/Aug/2024

When the perfect home turns out to be a scam

Finding a place to call home can be stressful and overwhelming. Unfortunately, scammers are using this situation to prey on unsuspecting renters.

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When the perfect home turns out to be a scam

Announcements 12/Dec/2022

Holiday payment processing

Over the Christmas and New Year’s holiday period, there will be delays in the processing of standard payments to payees outside of WAW Credit Union. Osko payments will not be affected.

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Holiday payment processing

Announcements 24/May/2022

Borrowers to benefit as BankWAW holds back on full rate rise

MEDIA RELEASE

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Borrowers to benefit as BankWAW holds back on full rate rise

Announcements 23/Mar/2022

We have rebranded to BankWAW

Find out more about how these changes impact you.

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We have rebranded to BankWAW

Announcements 23/Mar/2022

BankWAW Media Release

WAW launches a new brand and trading name.

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BankWAW Media Release

Announcements 11/Mar/2022

WAW is rebranding to BankWAW

WAW Credit Union Co-operative Limited will trade as BankWAW from 23 March 2022.

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WAW is rebranding to BankWAW

Community 16/Dec/2024

January 2025 SmartLINK Newsletter

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January 2025 SmartLINK Newsletter

Community 01/Jul/2024

July 2024 SmartLINK Newsletter

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July 2024 SmartLINK Newsletter

Community 28/May/2024

House prices in northeast Victoria and southern New South Wales

In this article we examine the house prices in our service region, what is changed over the past year, and especially what it means if you are looking to buy a new or another home.

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House prices in northeast Victoria and southern New South Wales

Community 01/Jan/2024

January SmartLINK Newsletter

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January SmartLINK Newsletter

Community 09/May/2023

Things To Consider Before Getting A Home Loan In Australia

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Things To Consider Before Getting A Home Loan In Australia

Security 30/Aug/2024

A job offer that is too good to be true

While reported job scam losses have shown a slight decline this year, the threat remains significant with Scamwatch reporting $6.4 million in losses to employment scams. Here are some tips on how to spot and avoid employment scams.

Read More
A job offer that is too good to be true

Security 29/Aug/2024

When the perfect home turns out to be a scam

Finding a place to call home can be stressful and overwhelming. Unfortunately, scammers are using this situation to prey on unsuspecting renters.

Read More
When the perfect home turns out to be a scam

Security 28/Aug/2024

Oww.. what a cute puppy! Pet scams

Pet scams have been around for years but have become more prevalent as sellers and breeders have shifted online, and demand and prices for pets have increased. Here is how they work, and how to recognise them.

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Oww.. what a cute puppy! Pet scams

Security 27/Aug/2024

Investment scams: the promise of skyrocketing returns

Investment scams top the list when it comes to scam losses in Australia. Even though they are going down, there was still $80 million lost so far this year according to Scamwatch data. So, what is an investment scam, and how can you spot and avoid them?

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Investment scams: the promise of skyrocketing returns

Security 26/Aug/2024

How to spot and avoid phishing in texts, emails and calls

Texts, emails and calls are scammers' favourite tools. Scamwatch data reveals these are the top three ways scammers contact victims to obtain their sensitive information. Here are our tips to outsmart phishing scams.

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How to spot and avoid phishing in texts, emails and calls

Why Refinance

Wednesday, January 22, 2020 / Finance

Refinancing a home loan is simply switching to a different loan. You’re essentially replacing your current loan with a new one, usually with a lower rate of interest and better features, and while there are many reasons for refinancing, the top motivation is often to save money.

There are a number of reasons you may want to refinance your home loan.

  • You may be looking for a better interest rate

  • You may want features and add-ons such as flexible repayments, redraw facilities and account splitting

  • You may be looking to use the equity in your home to renovate

  • If you’re coming to the end of a fixed rate term, it can be a good time to see if you can get a better interest rate or a more flexible home loan

  • You may be looking to consolidate debts such as a personal loan, car loan or credit card onto your mortgage, so it’s easier to manage your finances.

  • Refinancing may offer potential tax benefits, if you refinance to access equity in your home and use those funds to invest in property, shares or other wealth-building opportunities

So why don’t people refinance more often? There are a few reasons.
 
First, there is a misconception that refinancing is complicated, but it doesn’t have to be. A good home loan specialist or mortgage broker can do the hard work on your behalf, making it simple to save money.
 
Refinancing can sometimes incur fees, such as an exit fee from your current loan and the usual costs associated with establishing a new home loan. So before you jump into a refinance, understand the associated fees, so you understand how much money you’re really saving by refinancing. You can use our Mortgage Refinance Guide to get started.
 
Being informed and knowing your options is the first step. Be sure to do research yourself to understand your current loan (including conditions and fees of refinancing) and the preferred alternative BankWAW Home Loan.

Then, come in or call us for an initial chat with one of our home loan specialists. They are knowledgeable and provide expert advice about refinancing and how it could benefit you, as well as support to make refinancing as easy as possible.

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