Property News & Updates

Savvy Investors Refinance Loans

financial advisor property investment



Millennials are proving better than previously believed in handling their finances. According to a survey from the comparison website Finder. Thirty percent of those surveyed between the ages of 18 and 39 said they would refinance their mortgages in the next 12 months to save money. That’s 2 percent of Baby Boomers who said they’d talk to their creditors.

“Millennials get a bad wrap for not being money savvy, but when it comes to considering refinancing their home loan, they’re ahead of the pack a smart move considering it’s where the biggest potential savings lie.” They were looking to take advantage of lower interest rates. “A new benchmark is emerging – we are seeing more home loan rates that start with ‘2’ than ever before and that’s the case with both variable and fixed loans,” says Bessie Hassan, money expert at Finder.

The research also shows that 8% of Generation Z (younger than 24) and 10% of Generation Y (aged between 25 and 39) were keen to start saving now with plans to refinance in the next two to six months. “Even the slightest reduction to a home mortgage loan rate could equate to thousands of dollars in savings over the life of the loan so don’t be complacent.” Ms. Hassan says.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on tumblr
Tumblr

Property Investment Company

Equity Gain is a leading provider of property investment services across Australia. Our team of qualified professionals will guide you every step of the way on your property investment journey.

Related Posts

Follow Us

Equity Gain are Property Investment Specialists who continually analyse the market so they can provide their clients up-to-the-minute advice about all aspects of the real estate market in Australia.

Contact Us

Copyright © 2019 Equity Gain

Scroll to Top