Personal circumstances often change and so will the interest rate your paying. So if you’re a person who hasn’t looked at your Home Loan for a while it might pay for a health check. Remember, complacency can be costly and refinancing wont cost you the world.
Sometimes the cost of living can sometimes get the best of you leaving you making repayments across multiple debts causing a lot of stress in the progess. If you do find yourself in that situation you may be able to use home equity to solve your problem.