At The Broking Centre, we recommend you obtain a home loan check up once a year. This will ensure that you have a loan that suits your current situation and also the best available rate.

Refinancing does not mean that you have to change banks. Your current bank may have another loan that will benefit you more. This can be due to lower fees, lower rates or more facilities attached to the loan.

If you do have to change banks to refinance, the new bank will take care of your application and will attend settlement for you.

People also refinance in order to consolidate debts such as credit cards or personal loans. This enables you to have one monthly payment.

Coming out of Fixed Rates? Often coming out of a fixed rate means you will be returning to a high standard variable rate. Refinancing may enable you to take advantage of lower variable rates which could save you hundreds a month.

For a no obligation home loan check, get one of our advisors to visit you today.