Thinking about refinancing your home loan but are unsure whether you should?
People refinance their home loan for a variety of reasons.
Whether it’s to lower their repayments, pay off their home sooner, or to finance an extension. Whatever the reason, it’s worth taking a closer look at your current loan and whether a different home lender may offer a product more suited to you and your lifestyle.
Here are six reasons you may want to refinance:
- Obtain a cheaper interest rate
- Shorten the term of your loan
- Gain access to new home loan features