Refinancing is the process of replacing your existing mortgage with a new one, typically to achieve better terms and save you more in the long term. Refinancing can involve securing a lower interest rate, adjusting the loan term, switching between fixed and variable rates, or accessing the equity in your home. The goal of refinancing is often to save money on monthly payments, reduce overall interest costs, or achieve specific financial objectives. Our experienced mortgage brokers at Lending Association can guide you through this process, helping you make informed decisions to optimise your financial situation.