What are the benefits of refinancing?

When you refinance, you’re effectively replacing your existing home loan with a more suitable option, either by changing products or moving to a different lender.

Refinancing your mortgage can help improve your financial situation in different ways:

1. Getting a loan with a lower interest rate
2. Adding better features more tailored to your situation
3. Reducing your mortgage repayments
4. Combining your existing personal debts such as credit cards, personal loans or car loans
5. Having access to the equity in your home

By speaking to a mortgage broker, they can assess your personal situation and compare the best home loan products for your needs.