Mortgage Refinancing

Home loans are one of the biggest financial commitments most Aussies ever make. As life changes, so do our needs. That’s why it makes sense to check in on your home loan and ensure it’s still working for you.

If you think it might be time for a change, there is an opportunity to improve your financial situation by switching products or lenders, you might want to think about refinancing.

Should you refinance your home loan?

There are several reasons why people decide to refinance their home loan:

For a better interest rate on their home loan.

Depending on your current financial circumstances, you may be able to make larger repayments each month, and you might have a better credit score which can mean lower interest rates. Refinancing a home loan helps you take advantage of these changes.

To consolidate debts into your mortgage.

If you’re looking to consolidate your debts, then you can refinance them into your home loan to make them easier to manage. This is great for consolidating personal loans, credit cards, and even car loans.