It's important to ask yourself if you could save money on your current home loan. Saving more money on your home loan could help you pay off your loan sooner and save even more money in the long run.
Of course you need to take into consideration the full cost of switching loans, including any costs associated with discharging your existing loan and also costs involved in setting up a new one.
It's important to understand all the pros and cons of each option and how they relate to your personal situation. An expert Aussie Broker can help you understand these and help you make an informed decision as part of your free appointment .