Yes, It is time for a comprehensive analysis of your current home loan?
It seems all the major lenders are tinkering with their home loan offerings. They are playing their cards pretty close to their chest, but you can be assured of one thing, old loan holders will be treated like lepers’ were in the olden days once the new offering is about.
You will be getting plenty of encouragement from the tellers at the bank to speak to their home loan professional.
The “new stuff” will no doubt be irresistible, but will include new clause’s enabling the lender to boot you out of your home if you don’t comply with their current whim or fancy.
Please be prepared. Use a mortgage broker if you can. Heck, use two and play them off against each other.
Rates are on the way up, be ready.