Robert talks about what to consider when thinking about switching home loans.
Use MoneySmart’s mortgage switching calculator at https://www.MoneySmart.gov.au/tools-and-resources/calculators-and-tools/mortgage-switching-calculator
Compare your current home loan, with other loans on the market. Features like making extra repayments or being able to draw out the money in the future can influence your decision. Once you have selected your loan, try MoneySmart’s mortgage calculator at https://www.MoneySmart.gov.au/tools-and-resources/calculators-and-tools/mortgage-calculator
MoneySmart is a website run by the Australian Securities and Investments Commission (ASIC) to help people make smart choices about their personal finances.
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