Some common reasons for why you should refinance include:

Seeking lower-interest repayments
Switching to a fixed, variable or split loan product.
Using the equity in your home to take out as cash
Adjusting the term of the loan
Consolidating debt

Mitchelle Katsande is Head of Marketing and Communications at Benevolence Financial Group. Mitchelle currently holds a degree in International Business and Finance and is currently supported by Macquarie University Incubator and City of Parramatta Council.