With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one.
As a home owner with a mortgage, chances are you’ve heard of the term ‘refinancing’. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances.
Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly.
Credit representative 525543 is authorised under the Australian Credit Licence 329328.
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.
Southstead Pty Ltd (ABN 49643282562)
Copyright © 2024 Southstead Pty Ltd
