Its time to end your home loan search
Quite often, refinancing is also required to align your needs and goals with the right lender and product as your circumstances and requirements change over time.
Refinancing your mortgage involves finding a new mortgage loan that is more competitive than your current home loan. It can also involve locking in an interest rate for a number of years to provide mortgage repayment certainty.
While Australia has enjoyed low-interest rates for many years, high inflation and other economic pressures in 2022 have led the Reserve Bank of Australia (RBA) to increase official cash rates, which has led banks to raise interest rates.
A major incentive for refinancing your home loan is debt consolidation. Debt consolidation is a process that simplifies all of your debts, with your home loan, credit card bills and other loans rolled into a single monthly payment. This process aims to save you money with a lower single interest rate.
With access to over 40 lenders, Capital for Castles is able to secure competitive options for refinancing the mortgage on your home.
We would be happy to have a no-obligation chat with you about your refinancing options, either in person or online.