1. Determine what you want
You can either:
- Amount: Do you just want the same amount as your current loan, or do you want some extra money? Work out what you owe and what your home is worth to get a guide on your borrowing power.
- Term: Do you want to continue where you left off or do you want to extend to a longer term to keep your repayments low?
- Features: What extra features are important to you – like offset or redraw facilities?