Transcript

0:00

When is home loan refinancing the right thing to do? The market is clearly divided on whether the mortgage Cliff is a cause of Panic or not.

0:06

Many are quick to refinance but some borrowers also see this period as part of a normal rate cycle. So how will you know if refinancing is the right thing to do?

0:17

Ask yourself these questions.

0:18

#1 – How much do I still owe?

0:20

#2 – When will my home loan run out?

0:22

#3 – What deals are on offer?

0:24

#4 – What’s the cost of switching lenders?

0:26

#5 – Can I afford my home loan repayments?

0:29

And #6 – What are my money goals? Lastly, what is my break a point the fees to switch should manifest as my repayment savings.

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