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Refinancing Your Mortgage: When & Why in 2025 Thinking about refinancing your mortgage in Australia? Refinancing can be a great way to reduce your interest rates, lower monthly payments, and access more favorable terms. But how do you know when it's the right time to make the move in 2025? This guide will help you understand when and why refinancing could be your best financial decision. What Is Mortgage Refinancing? Mortgage refinancing is the process of replacing your existing mortgage with a new loan, typically with better terms. This can allow you to lock in a lower interest rate, change your loan term, or access equity in your home for other financial goals. Why Should You Refinance? Lower interest rates: If interest rates have dropped since you first got your mortgage, refinancing may help you save money. Change your loan terms: Refinancing gives you the flexibility to switch from a variable to a fixed-rate loan, or change your loan length. Access equit...