Refinance

In today’s competitive market, numerous borrowers decide to refinance (switch their present home loan either with their current lender or another lender) at regular intervals so as to exploit the new low rates and products on offer or to fit changing life conditions.

• Extra Cash – Remaining on a same interest rates and product for the full term of your home loan could see you missing out on the chance to reduce your repayments and term of loan. Sometimes you save significant cash just refinancing the exiting home/investment loan.
• Avoid moving home – Refinancing your home loan is easy and cheaper than moving into new home.
• Changed financial situations – If your financial circumstance has changed and you now require a more affordable home loan, for instance, higher annual fees and other ongoing charges or a low interest rate, refinancing can get you better available deal that better fits your way of life.
• Need extra cash – Increased in your earnings or property value implies you could expand your home loan to pay for major outgoings like wedding, buying new property.