It's something that gets thrown in the too hard basket usually and the perception is that any potential savings from a change in lenders on the family home won't be worth the trouble. The vast majority of Australians are not looking at refinancing despite record low interest rates, according to research conducted by Yellow Brick Road. The banks are aware of this inertia and some will offer competitive solutions for switching that will make it worthwhile - but ensure you understand any potential penalties with your existing lender and that these get covered in any potential switch.