The lender’s notice may show a new repayment, a rollover date and several terms that are easy to skim past. Searching for a lower advertised rate is only the starting point.
The balance owing, property value, income, regular expenses, loan purpose and timing all affect whether refinancing is suitable.
A discussion with a refinance broker sydney can help organise those details before an application is lodged.
It is worth checking the next repayment date against the calendar and allowing time for lender processing, rather than waiting for the fixed period to end.
