Warren’s take on: The surge in home loan refinancing

The recent surge in refinancing can be attributed to increased competition between the lenders, low credit growth and increased consumer awareness. Increased competition is a good sign of a healthy credit environment and can only be beneficial to consumers. I would suggest that if you have a loan and have not reviewed it in the last 12 months, now would be an excellent time to do so. Many lenders are offering competitive interest rates and refinance rebates. So in some instances, it will not cost you anything at all. I have just helped an existing client, let’s call him as …