Unsurprisingly, there are a lot of Australians out there who aren’t quite sure when to refinance house loans. After all, there’s so much choice in terms of home loan products that it can become confusing if you have little experience in the area. However, we’re here to let you know that the best time to refinance is the moment that it makes most financial sense to do so.
No closing cost refinance, no fee refinance, no cost refinance – you’ve probably heard this being discussed at some point, but is it really true? Obviously, there’s going to be some kind of cost attached to refinancing a home, but the challenge comes in knowing how to avoid all the unnecessary additional fees.
Finding a new home loan is often a great way to save money, both in the present and the future. After all, interest rates in Australia are at a historic low and people across the country have been cashing in while they can. But, it probably comes as no surprise to learn that you’ll have to look into the finer details of a home loan to find out if you’re really getting the best deal possible.