When Should I Refinance?

  1. Home
  2. /
  3. Featured
  4. /
  5. When Should I Refinance?

Hello Chasers,

With soaring interest rates seeming to be a never-ending event when a new month rolls over and the Reserve Bank meet, is this the only reason why you should consider refinancing?

Refinancing your home loan can be something you do because you want to find a better deal, or because your personal situation is changing and you need to alter your finances.

Refinancing can help by improving your interest rate, finding a superior home loan product, or as a tool to access equity or consolidate debt.

If you’re not sure if now is the right time to refinance, ask yourself these questions:

  • Have my circumstances recently changed?
  • Have the interest rates changed?
  • Is my fixed term ending soon?
  • How much debt do I have?
  • Do I need money for a big purchase?
  • What are the goals for myself and my family?
  • Could I benefit from better loan features?

Click here to read more …

Read more of our daily blogs in our Chasing the Dream Facebook Community

Share This

Related Posts

4 Min Read

The Pluses & Pitfalls Of Pausing Your Mortgage

Hello Chasers, Pausing your mortgage, also known as a home loan deferral or a mortgage holiday, is a way a lender can suspend the borrower’s mortgage payments for a set period of time. However, is that…
Read Full Article
4 Min Read

Working From Home – What to Claim in 2023

Working From Home – What to Claim in 2023 Hello Chasers, Despite more people still choosing to work from home, the ATO has moved the ‘goal posts’ regarding what you can claim using the previously simplified…
Read Full Article