We’re always looking for ways to help our members save money and improve their lives. So we asked Bessie Hassan, Money Expert at finder.com.au, to explain the benefits of refinancing your home loan.
There are many reasons people choose to refinance their home loan. A lot of the time, though, what people are ultimately looking for is a better deal.
It might be that you’ve been with your current home loan provider for a few years, you’ve checked out what the various lenders are offering, and think there’s a chance you could move to a home loan with a rate and features that better suit your needs.
If you find yourself in this position, refinancing is definitely worth considering as it can bring a range of benefits.
Please note that this is only intended as a general guide in relation to issues you may want to consider when refinancing. It is not intended to be an exhaustive list of all relevant issues and you should take into account your own particular circumstances, and obtain independent expert advice where needed, before proceeding. Rates and savings quoted are indicative only for illustrative purposes.