Life’s always changing. Since you bought your home, your family structure, lifestyle or financial situation may be different. There might be another home loan that’s more suited to your life now – and offers you a better deal.
If you compare home loans and find one that’s better suited to you, you may want to consider refinancing. This means moving your loan from one lender to another.
Perhaps you want a better interest rate, more flexible features, to consolidate your debt, or to use the equity in your home to renovate or invest. Here are some of the reasons to refinance in more detail.
The information contained in this article is of a general nature and is not intended to be nor should it be considered as professional advice. You should not act on the basis of anything contained in this article without first obtaining specific professional advice. To the extent permitted by law, Bankwest, a division of Commonwealth Bank of Australia ABN 48 123 123 124 AFSL / Australian credit licence 234945, its related bodies corporate, employees and contractors accepts no liability or responsibility to any persons for any loss which may be incurred or suffered as a result of acting on or refraining from acting as a result of anything contained in this article.