Refinancing your current home loan is a good idea if you want to lower your monthly repayments, access existing equity in your home loan or to consolidate debt.
Things to think about before refinancing;
- How much time or money am I going to save with the refinance?
- Is your current loan fixed or variable?
- Are there exit fees and costs?
- How much equity do you have in your current property?
- Make sure that your repayments history is clear of any dishonour or late repayment?
- What is the comparison rate?
Let’s have a chat today and find out “if” refinancing is right for you.