Get a better deal. If you see a lower interest rate advertised, it could be time to change your home loan. Changing interest rates and offers are the most common reason for refinancing, and one of the most important factors in deciding to refinance— but it is not the only consideration.

Adapt to change. When your financial, family, or work circumstances change, your home loan might need to change too.

Consolidate your debts. Credit card debt is stressful. If you’re feeling overwhelmed by credit card or personal loan debts, you can talk to us about consolidating your debts into one home loan. Consolidation can simplify your banking and reduce the amount of interest you pay.

Greater flexibility. If you feel you’ve locked yourself into a loan with a lot of restrictions that you don’t like, it may be time to talk to your broker about refinancing. You can ask Wayne to review your loan and see if there is a more flexible loan option available for you.

New products. New home loan products come onto the market all the time. That doesn’t mean you need to jump ship every time, but it doesn’t hurt to review your loan regularly. There might be a new product out there that will make refinancing worth your while.