Why do people refinance?

Why do people refinance?

Refinancing can be used for various reasons, which include but aren’t limited to:

  • Home Renovations
  • Reducing monthly repayments
  • Lowering your interest rate
  • Cashing out your Home Equity
  • Raise cash for another purchase (another house, car, boat etc)
  • Access Additional home loan features (offset account, redraw facility etc.)
  • Borrow additional funds

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