January 29, 2016
A guide to refinancing
The process of refinancing involves paying out your current home loan by taking out a new loan, either with your existing lender or through a different lender.
Along with the potential to save money with a more competitive rate, or improved loan features, refinancing could also offer an opportunity to access the equity in your home and build wealth through an investment property. It could also offer a way to streamline your borrowings through debt consolidation.
Take a look at our Money Chat video 'What is refinancing' for an introduction to how refinancing works and how you might benefit.