For previous generations of home owners, taking out a mortgage often meant sticking with the same loan and lender for the full term. Not so these days. In the 12 months ended August 2017 for instance, over 200,000 Australians refinanced their home loan.
These sorts of numbers make it logical to ask “why refinance your home loan?” In fact, there can be plenty of reasons why refinancing makes good financial sense.
Save with a lower home loan interest rate
The home lo