When should you think about refinancing?
Refinancing a mortgage may be a great idea for many Australians. There are often better rates out there that can put you in a more advantageous position. As well as this, refinancing may open up new avenues to leverage your existing wealth.
Reviewing your financial situation or the competitiveness of a lender’s rate may lead you to consider refinancing
Refinancing can also unlock equity in your home to pay for a new investment property, renovation or other expense
Refinancing may lead to lower monthly costs or you may have an opportunity to take advantage of a fixed rate or favourable variable rates
You can also consolidate a range of debts by refinancing