Refinancing Your Home Loan
The last two years have been tumultuous in so many ways. While the COVID-19 pandemic has wreaked havoc on “normal,” the property market in Australia has seen prices skyrocket, followed by the seven interests rate hikes in a row. With the latest interest rate hike on December 7th, 2022, the Reserve Bank of Australia (RBA) cash rate now remains at 3.10%. With the current scenario home loans should never be a ‘set and forget’ part of your life. When and why should you refinance? If you’ve only recently taken out your home loan from Credit Hub Australia , you can be confident that our experienced broker has recommended you the loan best suited to your needs – and you’ve got a pretty good deal. Otherwise, there are many underlying reasons to review your current loan portfolio and to keep your self updated. It is a smart practice to review your loan on a timely manner. If the property is investment or owner occupied, then it makes even more sense to review the existing loan portfolio. ...