Refinancing is a way of accessing the existing equity in your home. Equity is the difference between how much you still owe on your home loan and how much your home is worth. Furthermore Mortgage Duty has been abolished in Queensland since 1st January 2009 - this means it has never been cheaper to refinance than NOW.
There are many reasons why people refinance their home loans including:
â€¢the option to combine all your debts into one.
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