Refinance to free up cash
If you've had your home loan/financing for a number of years, such as 5 years or more, you may be a prime candidate for refinancing.
There are many benefits of refinancing. You may enjoy:
- Lower interest rates
- Reduction of monthly instalments
- Free up cash for other life’s purposes
- More flexible home loan/financing features such as ATM, cheque book and internet banking facility
How does refinancing work?
- You take advantage of your property’s rising value to obtain a larger home loan/financing amount.
- Your refinanced home loan/financing pays off your current home loan/financing.
- You are free to use the balance as you wish.