What is the purpose of refinancing?

If things have changed since you took out your home loan, it may be time to refinance. Depending on what works best for you and what offers are available, you can choose to refinance your home loan with your current lender or switch to a new lender. Mortgage broker-Axcent Finance Padmini Shanmugam talks about the pros and cons of refinancing and provide step-by-step guide on how to refinance a home loan.

Visual Concept of saving money for property investment in Australia. Credit: Getty Images. Inset:Padmini

This audio is for information purposes only .You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser before acting on the information provided.

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