FAQ: Why Refinance your Home Loan or Mortgage?

Common reasons for refinancing your home loan, investment loan or commercial mortgage include:

Home improvement such as remodelling, refurbishment, installing a pool or adding outbuildings.
Debt consolidation to pay off credit cards, store cards and other loans.
Saving money by refinancing to a mortgage with a lower interest rate or reduced fees.
Accessing loan features better suited to your current situation, for example switching from a variable rate to a fixed rate
Accessing equity in your home for overseas travel, investment property and other purposes

If you're no longer happy with your current lender or loan, or your financial situation has changed, you may wish to consider refinancing.

Please note that this information is of a general nature only. You should consult an accountant to obtain information specific to your situation.