In Australia, the allure of homeownership remains a significant aspiration for many, but the path to securing a mortgage can be difficult for some. With the rise in popularity of of buy-now-pay-later (BNPL) services like Afterpay reshaping spending habits, it’s crucial to understand how these platforms can influence an individual’s borrowing power when it comes to obtaining a home loan.
When interest rates are rising, it may seem counter intuitive to consider refinancing loans. However, there are several reasons why people should still evaluate refinancing options in such a scenario.