Tag: loan repayments

A recent industry study has shown that 38% of all mortgages arranged in May were for refinancing purposes, while only 15.4% of all mortgages were sold to ‘upgraders’.

Investors accounted for 36.7% of all activity, while 9.9% of all mortgages arranged in May were for first home buyers.

If you want a better interest rate or to reduce your monthly repayments, now is the time to consider refinancing. Even if you simply want to tap into your home’s equity and free up some money to invest, renovate or even consolidate debt, a new home loan can meet your changing needs.