It’s recommended that you review your home loan every 12 to 24 months, or anytime there’s a significant change in interest rates. The mortgage market is constantly shifting, and lenders frequently adjust their rates, introduce new offers, or change lending policies. What was a competitive rate two years ago may now be above market average, costing you more than necessary.

Yes, refinancing with bad credit is possible—but it depends on the specifics of your situation. While traditional banks may be more cautious, we work with over 40 lenders, including specialist lenders who understand the needs of borrowers with complex or impaired credit histories.

Absolutely not. Staying with your current lender is not a requirement—and often not the smartest financial decision. Many borrowers remain with the same lender out of convenience, even when better deals exist elsewhere.

Refinancing is typically not expensive—and in many cases, you come out ahead financially. Most lenders now offer cashback incentives (sometimes up to $3,000 or more) to cover any associated switching costs. These offers are designed to make refinancing more attractive and help offset costs like application fees, discharge fees, or valuation charges.