Aussie has seen strong growth in the level of refinancing in the last 12 months and we expect that this will continue.
Understanding lending restrictions if you’re buying later in life can help you get the right result for your next mortgage.
Many people are inspired by shows like The Block, House Rules and Reno Rumbles and dive into home renovation projects, but there are advantages and disadvantages to the DIY approach.
Many people don’t realise how much they could save by refinancing – and how those savings could help them reach their financial goals sooner.
If you’ve been wondering whether to switch home loans but haven’t come to a decision yet, read on.
For most of us, our home is the biggest investment we’ll ever make. Outside of school or the workplace, it’s also the space where we spend most of our waking hours. Refinancing your home and extending your mortgage by just $20,000 can give you a chance to make your home much more comfortable for your family and guests. And you can also make it a project that may add value if you decide to sell in years to come.
Many loans that allow extra payments will also allow that capital to be redrawn. This means you can benefit from putting more money into your loan but still access the funds if you need them down the track. To avoid complications, your lender won’t let you take out any more than the extra you’ve put in.
The main reasons for homeowners to refinance are to free up some cash, possibly lower repayments and get more flexibility with the loan.
I keep seeing some really low interest rates advertised and wondered if it’s too soon to refinance? How often should I review my home loan?
Big life events – marriage, children, travel – usually start with big questions. These questions can help us avoid potentially costly mistakes.