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Refinance

A mortgage refinance is the process of getting a new loan and paying off your previous one using the proceeds.

This is typically done to change the structure of your debt in order to acquire more money, a cheaper monthly payment, or a quicker pay-off date.There are many reasons why people refinance their home loans including:

# The ability to consolidate all of your debts into a single payment.

# To benefit from a lower interest rate or lesser costs.

# To make use of additional features provided by other goods.

# To convert a fixed-rate loan to a variable-rate loan, or vice versa.

# To gain access to the equity in your house for purposes such as remodelling, vacations, and other investments.

*Disclaimer:

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.