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Refinancing a Home Loan

2020-11-06T09:42:45+00:00

Can I refinance my home loan? When is a good time? Can I consolidate my debts? These are some common questions we are receiving from our clients.With interest rates at record low and households looking to reduce their costs, many people have been speaking to us about reviewing their home loans.In fact, there was a “Record high home loans refinanced in May” this year according to Money Management1 jumping from $12 billion in April 2020 to $15 billion in May 2020.What is refinancingRefinancing is finding a home loan or mortgage which suits your current financial situation. Often people take out [...]

Refinancing a Home Loan2020-11-06T09:42:45+00:00

Refinancing Tips and Traps

2020-08-21T05:23:10+00:00

With the current interest rates at record lows there is a lot of discussion about refinancing. Lets have a look at the benefits and disadvantages to refinancing. What is Refinancing? Refinancing involves replacing your current home loan, investment loans or debts with a new debt. Its a strategy that people use to: Save interest on their current debt Borrow more money for renovating Secure better terms or features on their new debt However, there are costs involved in refinancing and therefore its important to explore all elements of refinancing before deciding if it is beneficial. It's not only about [...]

Refinancing Tips and Traps2020-08-21T05:23:10+00:00
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