As a season of fixed rates ends, lots of Aussies are scrambling to make ends meet. And that means one thing: people are refinancing.
With a slew of people comparing lenders to get the best rate possible, Aussies did $20.60 billion in refinancing this August. For comparison, that’s 12.4% higher than August 2022.
So basically, if you’re thinking about refinancing, you’re not the only one.
Whether you’re an owner or investor, borrowing across the board has risen since last month.
Because the interest rate environment has changed a lot recently, the level of competition in the mortgage market is fierce. So I recommend taking a look at quality smaller lenders you may be unfamiliar with. They have a lot of great refinancing deals available. Connect with me and we’ll find the best option for your needs.
Wanna talk refinancing? Let’s chat! Book in a free 15 minute consultation here and let’s make it happen.