Today’s home loan market is highly competitive, so even if you’ve had your current home loan for just a few years, it makes sense to check that you still have the loan best suited to your needs.
Refinancing is the process of replacing your current home loan with a new loan. It’s a step that could offer a range of benefits, including accessing equity in your home or securing a lower rate, potentially providing savings on your repayments and interest costs. It could also mean enjoying improved loan features that may help you to pay off the loan sooner.
Many home owners are surprised at how straightforward refinancing can be and with interest rates at historic lows, now is the perfect time for a free home loan health check by your Mortgage Choice broker.