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A Homeowners Guide to Home Loan Refinancing

By the resi financial blog team, 12 November 2014

A guide to refinancing

If you are thinking about refinancing your home loan and don’t know where to start - this beginners guide to refinancing for homeowners is for you.

From explaining the basics, outlining the process and highlighting the top things you need to know – this guide will help you make a decision on the best option for you.

What is refinancing?

Refinancing most commonly refers to the process of moving a home loan from one lender to another – paying off the original home loa ...

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5 Reasons why you should consider refinancing your home

By the resi financial blog team, 30 October 2014

5 reasons to refinance

People look to refinance their home loans for many reasons:

  • To save money
  • To get a better deal
  • To get more flexibility
  • To raise some extra capital

If your personal circumstances have changed since you first took out your home loan, you should consider refinancing your loan.

Here are 5 reasons why you might want to consider refinancing your home:

1.        ...

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Questions to ask before refinancing

By the resi financial blog team, 21 March 2014

What do I do before I refinance my home loan

Low interest rates are prompting more people to consider refinancing but there are a number of considerations to take into account before going down this path.

During December 2013, refinancing commitments were 12.5 per cent higher than 12 months earlier. Over 2013, there were 598,364 owner-occupier housing finance commitments, according to RP Data, and 32.4 per cent of these were for refinancing purposes.

While the main reason for refinancing is wanting a cheaper rate, borrowers should remember there are a number of costs associated with exiting a loan and ente ...

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Time to consider a fixed home loan as rate-cutting cycle ends

By the resi financial blog team, 14 March 2014

Fixing my home loan

Many economists expect the next direction for interest rates to be up, so it’s a good time for borrowers to consider a fixed-rate mortgage.

The number of fixed rate loans being taken out tends to increase dramatically before interest rates rise. The latest official figures show the proportion of new home-loan customers who chose a fixed rate in December was 16.8 per cent, which is above its long-term average, suggesting that many feel this is as low as fixed rates are going to go.

The main advantage of fixed rate loans is the peace of mind borrowers have i ...

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