Refinancing is when you change your current home loan to a new one
that satisfies your current financial situation. Wanting a better interest rate,
consolidating all debts into one and equity access is just some of the
reasons why people choose to do so.
Lower Interest, Fewer Fees, More Suitable Loan
Refinancing may let you take advantage of the lower interest rates or sharper loan products currently
on offer. You may want to take a low variable rate, or lock in an interest rate you’re happy with by
choosing a fixed rate.
Consolidate debts
Consolidate debts from personal loans or credit card to reduce monthly repayments, to potentially
enjoy big savings on the repayments and cut hundreds even thousands of dollars from your overall
interest bill.
Unlock the equity in your home
Refinancing can allow you to access the equity in your home to cover major costs such as school fees
or a family holiday. It can also allow you to renovate your property which could, in turn, add to its value,
or finance another investment. The interest rate is equal to your mortgage rate, so borrowing from the
equity in your home tends to be the most cost-effective financing option available to homeowners.
Right time to refinance
In today’s rapidly changing market, if you’ve been holding your loan for a few years, talk to us and check
that if your mortgage still suits your current circumstance.
