While refinancing your home loan may seem overwhelming at first, it’s less complicated than you might think.

With historically low interest rates and increased competition across the home loan industry, lenders are keen to get your business.

A white-label loan is essentially a home-branded loan, much like the home-branded products you see in the supermarket aisles. Like these products, white-label loans aim to deliver many of the same great features as bank-branded home loans, but for a lower cost to you the customer.  

1. What do you want to achieve?

Understanding your objectives is key to finding the right investment property. The actual property itself is never the end goal when it comes to investment – it’s the financial element that you’re really concerned about.

First, decide what your end goal is and then create a plan to get there within a realistic timeframe. Remember to review this plan regularly as your situation and the property market changes.

So the home loan you agreed to a few years back no longer caters to your current financial situation and you now need to make a decision on whether to refinance. Here’s a list of everything you need to consider before making the big switch.