Monday 27th April 2020

Is now the right time to refinance your mortgage?

Is now the right time to refinance your mortgage?

If you’re having trouble making the payments on your home loan or your financial situation has recently changed, it might be time to refinance your mortgage.

Looking at todays market, a large number of home loans now start with a 2, so refinancing might be the right option.

Have you weighed up all your options?
Due to the low interest rates on the market today, refinancing is a strong possibility for those who need it, but that doesn’t mean it’s necessarily the right choice .

The Australian Securities and Investments Commission emphasises that it’s important for consumers to consider other options before refinancing, as it isn’t guaranteed to benefit them in the long run.

Savvy consumers know it’s important to talk with mortgage specialists and make sure the mortgage repayments being asked of them are reasonable, not just now but in the long haul. A mortgage is a big commitment, so giving it its due diligence is key.

How we can help you
If you decide that refinancing your mortgage is the right decision, we have the resources to help you get set up. With over 50 lenders at our fingertips, we are confident we can find the ideal loan for you.