What types of loans can be refinanced? |
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Basically, any type of personal debt can be refinanced from one lender to another as part of a residential mortgage refinance proposal, including:
- Home loans
- Investment loans
- Equity access loans
- Personal loans
- Credit card limits
- Personal overdrafts
Business loans may be considered if the new lender is willing to incorporate such debt into their residential mortgage facility. For example, an existing business related debt may be refinanced as part of a new Equity Access Loan sub account.
Commercial loans will generally not be acceptable as part of a residential mortgage refinance proposal.
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