Refinancing | Botany & surrounding suburbs

Refinancing is an opportunity to get control of debt or tap into any home equity you’ve built up. The most popular reason homeowners choose to refinance a home loan is to secure a lower interest rate and reduce their monthly repayments. However, refinancing can come with some costs, so it's essential to weigh up the savings of refinancing against the expense involved.

 

Why should you consider refinancing? 

• Get peace of mind
  Fixing part - or all - of your loan, or securing a better rate to reduce your monthly repayments can help with peace of mind.
  
  
• Consolidating other debts
  

  Consolidating other debt, like credit cards or personal loans, could help you to reduce your interest rate on these loans.

• Take advantage of different features
  You may wish to switch to a loan with more suitable features such as a redraw facility or offset account.

• Unlocking equity
  Refinancing can help you unlock the equity in your home to finance a renovation or free up some capital for property investment.