Refinancing can bring down the overall cost of servicing a loan by taking advantage of lower interest rates. But sometimes it’s not always the best, or the only, option. There are many different factors you need to consider when thinking about refinancing a loan. The first step is to speak to an expert, like Conquer Finance, about your needs and whether you can afford to service a different loan structure. At this point, we will need to understand what your current and future financial goals look like, and also obtain information about your current loan including structure, repayments and costs. We also need to consider the current value of your property, so we have access to current data which indicates what the asset is
