Refinancing is a sensible response when your current lender doesn’t reward you for loyalty
By Deepika Veeraragavan
With different mortgage and loan schemes emerging every day from different lenders, it can be difficult for customers to always know that they are taking advantage of the best options. The Reserve Bank of Australia (RBA) has recognised that standard variable mortgage rates have increased over the last few months and lenders now have a “reduced appetite” to lend. Hence, these current market dynamics emphasise the importance for borrowers to be aware and informed of the most financially advantageous loan options in the current market.
Check complete report here.