What is a Refinance Home Loan?
What is a refinance home loan and how does it work?
Whether you’re looking to buy an investment property, looking into debt consolidation, wanting to change your loan terms or just refinance your home to free up some extra money, refinancing can be a suitable option for you and your family. The mortgage you chose when you first purchased your home may no longer suit your financial situation, and there may be better options on the market today, with more relevant features for you. Perhaps you are worried about an interest rate rise and want refinance home loan options with a fixed interest rate. When you refinance a home loan, you basically switch from one to another, with the benefit of using your existing home loan repayment history and any equity you have in your home. Refinance home loan options can save you thousands of dollars over the life of your loan and can save you money immediately.