You may have good reasons to do so. A lot of people refinance to:
- take advantage of a lower interest rate
- move between fixed and variable rates
- try and shorten the term of your mortgage/pay off your loan faster
- capitalise on equity in your home; or
- consolidate debt.
Sounds good, on the surface…But is it really the best move for you and your circumstances? To help you avoid RRS (Refinancing Regret Syndrome) the SFE Loans team have put together a free e-book for you: The Top 5 mistakes to avoid when refinancing, to make sure you know exactly what to watch out for when you’re on the hunt for a better deal.