Now Is the Time to Refinance Your Mortgage
In the wake of RBA leaving the cash rate at 1 per cent, borrowers are hunting out bargain home loan deals. With such a pool of value rates, you have an amazing opportunity to refinance your mortgage.
Such rate cuts and availability of bargain deals from smaller lenders put big banks under pressure to keep their mortgage customers onboard. One of the more noticeable trends is using comparison sites that give access to a lot of smaller lenders with competitive rates available in the palm of your hand. That’s why it comes as no surprise that there’s an increasing trend for people to turn to smaller lenders.
With RBA announcing that the cash rate of 1 per cent will stay unchanged for the time being, there’s no better time to refinance your mortgage than now. If you haven’t been on track with your mortgage, now is a great time to look into refinancing as it can potentially save you thousands. You never know what features you might be missing out on by staying with the current provider, especially if you haven’t been following policy changes of your current lender.
While comparison websites are a useful tool to help you get an idea of what rates various lenders provide, we recommend seeking advice from a broker who will give you invaluable insight on which mortgage would work best for you. Take your mortgage to the next level by booking a free consultation with our experienced finance team.