Is your loan still the best fit for you?
A Mortgage Choice survey of 1,000 borrowers found 60% of consumers believe refinancing is a “hassle” they’d like to avoid.
Further to that, 61% said they are “cautious about refinancing” in case they end up worse off.
This is despite 80% of respondents saying their home loan was their largest monthly expense.
Let’s bust the myth.
Many borrowers save hundreds or even thousands of dollars a year by refinancing. Other potential benefits can include a cash back deal or debt consolidation. Refinancing your home loan can even be a pathway to investing.
As interest rates climb, with more hikes to come, now is the time to review your home loan and compare it to other products on the market, to make sure it’s still the best fit for you.
Book an appointment to learn more!
