Whenever it makes financial sense to do so. In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. Here we look at some of the reasons people in Australia refinance their home loan. To get a […]
When should I refinance my mortgage? Read More »
Paying high-interest debts can decrease the amount of money you can put into your savings, but you may be able to save more money if you refinance when conditions are favourable. However, refinancing isn’t a one-stop solution to your debt problem. Refinancing doesn’t lower your balance or the number of debts you have. Rather, it
What is refinancing? Read More »
Refinancing can be a great way to save money if you believe you are paying too much for your loan, but there is more to it than just finding a loan with a lower interest rate and making the change. Before making the switch, ensure the savings you could make outweigh the fees involved. Here
The cost of refinancing Read More »
Fixed rate terms last for a set period of time that is prearranged between you and your lender. Fixed rate periods last between one and five years. When your fixed rate term ends, your loan will usually revert automatically to the standard variable interest rate unless you have provided instructions to refix your loan. As
What happens when your fixed rate term ends Read More »