Many people start to think about refinancing when interest rates or their personal circumstances change.
If you’re refinancing for a better home loan, the most important thing to consider is the long-term benefits against the actual costs of refinancing.
There are many reasons why you may consider refinancing your home lending, including:
- Consolidating debt
- Borrowing money to renovate or invest
- Securing a competitive home loan interest rate or better suited product
- Move from a fixed home loan rate to a variable home loan rate, or vice versa
Refinancing your mortgage is not an easy decision. As a Loan Market mortgage adviser I will help you do the sums, taking into account all the costs of mortgage refinancing, to help you determine whether or not refinancing is the right move for you