You should refinance your home loan if the new loan offers a lower interest rate with better terms.
Refinancing your home loan is a great way to reduce your interest payments and to free up more cash. Find out if re-mortgaging is what you need now.
Table of Contents ; When Should You Refinance? · Refinancing to Lower Rate · Refinancing to Shorten Term · Refinancing to an ARM or Fixed · Refinancing to Tap Equity · The Bottom Line
Refinancing a mortgage can help you get better and more favorable loan terms, although you should consider certain factors before refinancing your home.
You may want to refinance to a 15-year mortgage if you're looking to pay off your home sooner and lower your lifetime interest costs. Here is how a 15-year mortgage refinance works.
Refinancing your home can save you money or make your mortgage more affordable, but there's a price to pay for taking out a new loan. Find out when refinancing makes sense -- and when it costs more...
Key takeaways ; Refinancing allows you to consolidate higher-interest loans into a single loan with a lower interest rate. ; You can refinance both private and federal student loans with a private lender. ; Refinancing federal student loans with a private loan may cause you to forfeit benefits of federal loan programs, including income-based repayment and loan forgiveness.
When can I refinance my car? You typically must make at least 6 months of payments first. But just because you can doesn't mean you should.
Eligible customers could get $2,000 cashback when refinancing a home loan with ANZ. Apply now!
Looking to refinance your home loan? If you're looking to switch your home loan to us from another bank, we can help you make the smart choice.