Refinancing a mortgage is beneficial if the current interest rate is lower than your current mortgage rate. Our Mortgage Advisor will calculate for you whether you will save money and what your payback period is in the event of a penalty interest on your old mortgage.
Sometimes, when refinancing a mortgage, you can also obtain other (more favorable) conditions, such as greater flexibility to make extra repayments without penalty interest, the option to transfer the mortgage, discounts based on specific Loan To Value (LTV) values, etc.
