There’s no denying that websites like Airbnb and Stayz have turned the holiday accommodation industry on its head. Anyone with a property, or even just a room to spare, can potentially make some handy cash from this new segment of the travel market.

The decision to refinance is made when people realise their current loan is no longer best suited to their financial situation.

Wanting a better interest rate, consolidating all debts into one and equity access are just some of the reasons why people choose to do so.

Lodgement

Following the lodgement of a home loan application, hopeful borrowers are often keen to know what will happen next and how long it will take for them to receive the verdict. The bad news is that there is no one-size-fits-all answer. The good news, however, is that a solid application is the key to keeping the approval time short.