Refinancing of home loans is on the rise

Borrowers are no longer waiting around for the Reserve Bank (RBA) to give them a rate cut. Instead they are taking the bull by the horns and getting a discount for themselves.

 

Industry research shows the number of Australians refinancing is steadily increasing.


You could save thousands

 

Some lenders are offering interest rates as low as 3.99% for one year and 3 year fixed rates available from 4.49%. Cutting 1% off your home loan rate over 25 years could be a massive saving of nearly $50 000.


It’s easy

 

There is a home loan rate war raging now and there are some attractive offers available.

 

To discuss how easy the refinance process is and the offers that may be available to you contact your expert mortgage broker broker Jo Croft at Mortgage Choice Springwood today. Call (07) 3808 1070 or email joanne.croft@mortgagechoice.com.au.

Posted in: Refinancing

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