If you have a home loan with high-interest rates and you want to re-fix it, there are a few things you can do:
Contact your lender: Start by contacting your lender and ask them about the options available to you for re-fixing your home loan. You can also ask them about any fees or charges associated with re-fixing.
Compare rates: Do some research and compare rates offered by other lenders in the market. You can use online comparison tools or speak to a mortgage broker to get an idea of what rates are available.
Negotiate with your current lender: If you have a good payment history and credit score, you may be able to negotiate with your current lender for a better rate.
Consider the term: When re-fixing your home loan, consider the term that you want to fix it for. A shorter term may result in a lower interest rate, but higher repayments, while a longer term may result in lower repayments, but a higher interest rate.
Seek professional advice: Consider seeking professional advice from a financial advisor or mortgage broker to help you make an informed decision about re-fixing your home loan.
Remember to consider all the costs associated with re-fixing your home loan, including any fees or charges, and make sure you understand the terms and conditions of the new loan before signing any agreements.
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