You've probably heard the word "refinancing" thrown around — maybe from a friend who just got a better deal on their mortgage, or an ad promising lower repayments. But what does it actually mean, and how do you know if it's the right move for you? This post breaks it down in plain English. What Does Refinancing Mean? Refinancing simply means replacing your existing home loan with a new one. That new loan might be with your current lender — sometimes called a "retention deal"

This is a summary of the importance of reviewing your home loan interest rates in the current rising rate market.