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Refinancing activity on the rise

by Staff Reporter7 minute read
The Adviser

By: Staff Reporter

An increasing number of homeowners are refinancing their mortgage in the aim of securing a better home loan deal.

According to Aussie Home Loans, the level of inquiries to the mortgage broker from homeowners has spiked 50 per cent in the last three weeks.

Aussie’s founder and executive chairman John Symond said it is about time people got off “their bums and took a good hard look at their finances”.

“It shouldn’t take five rate rises in the last six months for people to shake off their apathy, but it has,” Mr Symond said.

Mr Symond said now was a good time for mortgage brokers to encourage their customers to refinance their home loan, before the RBA meets again next week.

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