I have been receiving a lot of refinancing enquiries lately so I thought I would update you on this particular topic and where all the banks are sitting after the last 4 rate cuts.

You will see from the below summary they are all extremely similar so it’s not always a case of rushing over to the fanciest deal you see online as there may be some hidden factors that should be considered.

  1. Lower repayments
  2. Lower your interest rate
  3. Change loan structure (e.g add offset account)
  4. Change loan product (change to investment loans) 
  5. No longer satisfied with current bank
  6. Increase facility to invest or for renovations
  7. Access increased equity 
  8. Fixed period or interest only period expiring 
  9. Increase your borrowing capacity 
  10. Consolidate loans and debt 

If you’re keen to discuss why refinancing your home loan, for whatever reason, we’d love to hear from you. In the meantime, here is a comprehensive list of lenders and their recent rate cuts. 

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