Refinance Your Home Loan for Better Deal
Refinance Your Home Loan for Better Deal Finance & Investment Having your home in Australia is a big dream. If you have purchased a home in Australia but not happy with current mortgage deal, home loan refinancing is the most popular loan type in Australia's Home Loan marketplace. According to a study, about 30% to 40% home buyers of Australia are interested in refinancing their mortgage. Refinancing of home loan help to change your mortgage & thus you get better deal than earlier. There are several reasons due to which borrowers choose to refinance their Home Loans & these are as follows: Debt Consolidation: This is the most common reason behind refinancing since it basically means you roll all of your expensive debts (credit cards, personal loans etc.) into a new Home Loan. Debt Consolidation clears the expensive debt, lowers the interest rate payable and in most cases significantly reduces your total monthly loan repayments. To access extra funds: This is due to