Refinancing can unlock a range of new possibilities for you. You may be able to get a better interest rate or lower your repayments. It may help you purchase an investment property or carry out that much wanted renovation.
What is refinancing?
Refinancing your loan, for example your home loan, investment loan or commercial mortgage, is the process of changing your property loan and/or lender. Refinancing allows you to select a new loan product that better suits your current circumstances and needs. You may also be able to take advantage of additional benefits provided by your current lender or another lender.
How does refinancing work?
Why should I refinance my loan?
What do I need to consider when refinancing?
When done properly and under the right circumstances, loan refinancing has a number of benefits. However, there are also drawbacks, particularly the cost. This is why it’s vital that you to weigh up the savings from of refinancing against the expenses.
What is the cost of refinancing?
For more information of the cost of refinancing click here.