Refinancing
Lower Serviceability Buffers Offer A Path To Refinancing
Exciting news for homeowners struggling to refinance: The major banks in Australia have taken a step towards easing the burden by lowering their serviceability buffers. This means that if you meet the eligibility criteria, you can benefit from these revised assessment rates. Which...
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Major Banks End Cashback Offers For Refinancing
As of the end of June 2023, two of the largest banks in Australia will no longer offer cashback incentives to customers who refinance their home loans. Commonwealth Bank of Australia (CBA) will be ending its cashback offer on 31 May 2023, while National Australia Bank (NAB) will...
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What’s Stopping You From Refinancing?
New data released on 13 January 2023 by the Australian Bureau of Statistics shows the value of owner-occupier refinancing between lenders rose to 9.1%, to $13.4 billion, in November 2022. There’s a trend that the number of people refinancing in 2023 will increase. However,...
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