I have been reading some of the threads and on all the current low rate home loans and it has got me pondering refinancing (I believe that the term for moving my home loan to another bank). I have only ever held one mortgage (current one) with the ANZ bank, for around 15 years now.
I have never looked into other options. I want some advice on this to help pay down my debt quicker and find something that has options as of this morning found out what redraw actually is (noob question I know).
Home lone is currently around $170k and have a sup loan of about $18k. I'm unsure of the interest rate of the sup loan and the main loan is about 3.5ish%
What would be the best process in my refinancing both these loans into one? What products are recommended as good value at the moment? What would be some good options to keep an eye out for?
Sorry for the vagueness of my questions, just something I would like to move on given the current interest rates