Things to consider when refinancing.
Refinancing your home loan could give you the savings of a cheaper rate, lowering regular repayments – and slashing thousands off the cost of your loan. But is the right move for you? Here’s what to weigh up.
The Defence Bank blog.
Refinancing your home loan could give you the savings of a cheaper rate, lowering regular repayments – and slashing thousands off the cost of your loan. But is the right move for you? Here’s what to weigh up.
Every lender has its own definition and requirements for genuine savings, which will depend on the amount that you borrow, and some may not even require it at all.
Home equity is the difference between the market value of a property and the outstanding mortgage balance.
A variable rate mortgage has an interest rate that may change over time and typically offers more flexibility than a fixed rate home loan.
Personal loans have a lot going for them. With fixed repayments and a set timeframe they’re easy to budget for, and different types of personal loans can be used to kick different goals.
It can feel like the world of home loans comes with a whole new language. We bring you up to speed, translating home loan jargon into plain, simple language.
Defence Bank car loans are proving a hit with young buyers keen to secure a new set of wheels while having the convenience and choice to make extra payments.
Here’s a simple trick that doesn’t use magic, but it can help you ace valuable savings on your home loan.
A first home buyer in Canberra says Defence Bank has fast tracked his purchase of a new home by recommending the First Home Loan Deposit Scheme.