Normally, you certainly do not need so you’re able to re-finance to alter out of a changeable price home loan so you can a fixed interest home loan, as many lenders will let you make this option with no significance of an entire refinancing procedure. However, it’s necessary to check with your mortgage broker otherwise bank, while the some may charge a charge for altering, or there may be certain terms and conditions on your mortgage contract. Keep in mind, that your particular financial may well not provide the extremely good interest rate, and you’ll need to compare variable mortgage brokers thanks to Mint Collateral to assess if refinancing which have an alternate lender usually secure you a much better speed or loan structure. [Read more…]