Number reduced-interest levels wont be available forever, therefore if you are already disappointed with your rate it could become value refinancing and obtaining a much better package. That is what of many Australians are currently doing when the https://paydayloanalabama.com/oneonta/ previous numbers was almost anything to pass by.

With respect to the latest investigation regarding the Australian Bureau off Statistics (ABS), $ mil worth of home loans were refinanced from a single financial so you’re able to several other during the – one of the highest actually ever account submitted by the Stomach.

Although not, refinancing a residential property mortgage is a bit bit different from refinancing an owner-occupier loan. Listed here are five items you should become aware of just before securing a far greater package.