A Rate Cut Could Mean Big Savings!

Β With interest rates dropping, now might be the perfect time to review your home loan. Recent trends show a refinancing surge is on the way, especially after the Reserve Bank’s rate cut earlier this year. πŸ”„πŸ‘
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πŸ“Š According to Equifax, mortgage applications in early 2025 jumped by 5.2% compared to last year β€” and refinancing made up 37% of that demand in March alone!
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Thinking about refinancing? Here are 3 smart steps to take:
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1️⃣ Review your financial position
Check your equity, income, and credit score to see if you’re in a good spot to refinance.
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2️⃣ Do a cost-benefit analysis
Make sure the savings from a new loan outweigh the costs like break fees or application charges.
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3️⃣ Take a holistic view
It’s not just about the lowest rate β€” look at features like flexibility and loan structure too.
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πŸ’¬ Reach out if you’d like help reviewing your options β€” refinancing could be your smartest financial move this year!
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#Refinance #InterestRates #HomeLoanTips #MortgageAdvice #SmartFinance
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A Rate Cut Could Mean Big Savings!

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