Can Refinancing Really Save You Thousands?

Hello.

My name's Santasha Nabananga Bamblet. I'm a proud or the

Let's get into it.

She's on the Money, She's on the Money.

Hello, and welcome to She's on the Money, the podcast here to remind you that your financial loyalty could be.

Quietly costing you thousands of dollars.

I'm Victoria Devine and if you don't know, I'm also the founder and director of Zela Money, your go to team of mortgage finance experts, and today we're going to dive into a topic that could literally put money into your back pocket, refinancing. And today we are definitely mixing things up. Instead of Beck or instead of Jess by my side, I've brought in someone who lives and breathes this stuff, because if we're going to talk about refinancing, I want you to hear from someone who actually does

Jacqueline, welcome back to the show.

Thank you.

I'm excited that you're here and we get to have a yap about finance again.

I know we do it every single day, yeah, but it's not.

But we get to have it like on a company couch instead of spinneach chairs, and that's like a little bit different. Today Jack, we are going to be walking through what refinancing actually looks like, how to know if it's worth doing, and everything you need to consider before making the switch. Jack, are you excited about this because I feel like at the time of recording, the RBA actually announced a point two five percent reduction on the cash rate yesterday.

Yes, and so I could not be.

More perfectly timed in having you on the show because now the cash rate is sitting at three point eight five and it is the first time in two years that it has sat below four percent, and I just think everyone in our office, we're just so excited about that.

Yeah, that was a big discussion about it. A few of us thought maybe point five.

Yeah, I feel like they're too conservative for that. Like the whole time, I was like, Nahn nutshul, thank.

You, gotta put it out there.

I reckon we'll get another point twenty five maybe next time the RBA meet or the time after that, because I know that we're technically all of the economy, so saying that by the end of the year, we are very likely to head towards the three percent mark, which would be oh, very nice.

Look it's on its way down that We're thankful.

Very very nice.

But let's start the chat. For those who might not know, Jack, what is refinancing?

Okay, So it's essentially replacing your old home loan with a new home loan. So that could be at the same bank that you're with, or you can look at going to another lender.

There's like a whole different variety as to why you would do this.

Yeah, but it's not.

I think a lot of people are like, oh, I refinanced my loan recently, but they just called up their bank and got a better rate.

That's different.

Refinancing is actually picking up the finance offer you have and getting a completely new one. Yes, a bit of paperwork, a bit of organizing, having a chat with a good broker, but it's not so much about asking for a better rate, which we actually recommend you do definitely, And if you've got a good broker, like if you're a XYLA money client, you know this already. We are already going to be getting you guys better rates because it's part of our right.

Like part of the service.

Literally, when the cash rates go down, we are and we've got a pinned where you slack at work, We've got a pinned thread at the moment of all of the dates when all of the banks are actually going to be honoring that drop and letting us know, you know, how much they're decreasing their interest rates by, so that we can literally get on the phone and be like, hey.

So you know all of our clients that's being passed on right like lock it in, Eddie.

And then when they come to us.

We can obviously tell them yep, it's happening this date, the bank's going to automatically pass it on or if you need to do anything else yet.

But if you don't have a broker, I would definitely be considering calling your bank and going, hey, so just confirming that's going to be passed on, because sometimes in your terms and conditions it might be that yes, it's a variable interest rate, but like you've got to call them and lock in the lower rate otherwise they continue to charge you the higher rate.

Yeah, it's not guaranteed with every single bank that they just cannot pass it on. Therefore your monthly your payment's going to be less every single month. So yeah, if you are directly with the bank, we definitely recommend jumping on the phone and giving them a call.

Yeah, And it's a good idea to do that. And then if you haven't had any traction, maybe then's the time to have a chat to a broker to go Okay, well that didn't work, now what now what? Because we have done whole episodes on this show about like loyalty tax.

Yeah, being loyal it.

Doesn't pay, it's completely gone out the window.

Yeah, being loyal it doesn't pay.

So what do you think about the I guess comfort trap of sticking with your current lender. I think a lot of people are like, oh, I don't want to move. I really like NAB or Macquarie or A and Z or whatever, like I've been with them for twenty years, and like I banked with them and now I have my loan with them. Why are people so comfortable staying.

I don't even know if it's that they necessarily like their bank like that they're you know, really want to stay with them. I think that the idea of moving is maybe just a little bit more daunting than it should be. Yeah, totally, I do understand, like why people get stuck or stay. I mean, everyone's so busy these days that just having another task to do, and you know, I think gone are the days where you used to have to sit on the front of hours and beg

Yeah, one hundred percent. And I guess how often should we be reviewing our mortgages?

What does that look like?

I would say every six months, and I say six monthly, just because both banks will only allow you to sort of do a pricing review once every six months. If you try and you know, do two or three in that period and they.

Just don't allow it and they say sorry, three months ago.

You're done.

Yeah, so six monthly definitely, But there's obviously other reasons as to why you would look into that as well, So not just that.

Obviously the rbas reduce their rates.

Want to make sure that we're getting the best interest rate possible if there's been any changes to your circumstances, So you know, if your house has gone up, or you know, the naghbor down the road has just sold their property and they've got a great outcome, and you want to see what you're true and correct. Like LVR so loan to value ratio looks like that can have an impact on your rate as well, So it's definitely worth checking.

Yeah, one hundred percent, And I think that you know you gave the advice call up your broker, but like it's quite They don't want to say it's funny, but it's interesting because some brokers do require that prompting of oh, hey can you review my loan and they go, oh, hey, Jacqueline, haven't spoken to you in a while.

Yeah, yeah, yeah, I'll pick it up and have a look at it.

Whereas like we and this is not mean like trying to stroke around egos, but like good brokerage practices will have a pricing team like we do, and their job is actually every single day going through the thousands of clients we have and repricing their mortgage. So, like our clients, once you kind of get in, you get on the cycle, and every six months we can basically guarantee that your

Well, we exactly right. We're going to do the work for you.

So the second that you do settle, like you said, our pricing team will dirize every six months to do that work for you. So you don't have to dom on the phone, you don't have to send that email. It's just sort of set and forget and we'll do it for you.

Yeah, one hundred percent. So when should we be considering refinancing? I feel like the biggest push is when people see, oh, the cash rates dropped, But there are six million reasons why you would refinance. Talk me through some of your recent refinances. Why are they refinancing?

Jack?

Oh?

Like you said, there is so many reasons as to why you would. It could be as simple as changing your loan products. So if you're going from a fix to a variable or vice versa, if you're needing to access any equity, so you might be looking at consolidating any loans or just cashing out some money for renovations or whatever that looks like. Same with like I said, if the house price has gone up, or if you've made a lump some payment to your home loan and

Yeah, one hundred percent.

And like financial advice, I think gets confused a lot of the time with mortgage brokers. I have this conversation in my DMS on i'd say a weekly basis. People will be like, oh my gosh, do I need to see a financial advisor because I want to talk about whether I should sell my property or rent it out. And to me, that's not a financial advice question, because yes, a financial advisor could sit you down and be like, okay, cool, Jacqueline, You'd be in the best possible position.

If you xyzed.

But like a broker is going to be able to model all of those scenarios for you and go, okay, Jack, if you sold, it would look like this, and this is what we would expect that property to sell for. And also, this is how much equity you've got. This is how much cash would probably come into your bank account, and you'd be able to play with that.

Okay, if we rented.

It out, this is what we could do with it, Like this is how much equity you've got to leverage into another property, and like we're part of that decision making team, Like, no, technically we can't tell you what to.

Do, but we're just laying all the scenarios out and be like, oh, would you look at that.

That one looks like it comes comes out ahead, doesn't it. And the client's often like oh my god, I would never want to xyz if I could do this. And so I think it's we're not leading you down the garden path, but we're giving you every single stepping stove everything. Pave your own path and work out what's going on. And I mean you could go, oh, well, Jack, what if I bought for six fifty? Oh, actually, what if it was seven hundred. We can like model out all

No, you don't.

But the house is worth more than the mortgage that you owe, and so we could actually use some of that equity to buy an investment property and you don't have to come up with any cash. So that's a very popular reason we see in our community. I would say as to why people are trying to like refinance, because obviously that requires a different loan structure.

Exactly, a lot of time people will put as much money into the home loan to reduce that loan. So instead of I guess having your savings sitting on the side, you've got it in your home loan working for you. So when the time comes that you want to look at purchasing that next property, we are able to access the equity and the extra funds that you've put into that home loan and draw it back out for your deposit for the next property.

Yeah, exactly.

And I think that a lot of people assume, oh, no, that must be financial adviceor broker couldn't tell me if I could, we can model it out. We can sit you down and go, okay, cool, this is what that would look like. This is what it would look like if you did it over here over there. And I think that that's the cool thing about it. It's free as opposed to going and seeing a financial advisor who would go, oh, so you you want to buy an investment property and they will do your whole financial plan.

That's cool.

But like the question that you wanted answered was can I afford it exactly? And I can work that out for you with one of my brokers very quickly and it won't cost you anything.

So what are some.

Signs that And I think this is a really important one, and people don't realize that, what are some signs that your mortgage maybe isn't working for you anymore? Like you set it up, you thought you did absolutely everything. You dotted all your eyes, you crossed all your t's, and now maybe it's not working for you anymore.

Well, I think, I mean, offsets aren't new, but they're still quite relatively new. I guess in the lending world, if you don't have an offset, or you haven't entertain what that looks like, that might be something that you need to consider, especially having your salary paid into an account, or whether it's with the same bank or not with the same bank, just having a look at the different features that might be more beneficial to you.

I guess yeah.

I think a lot of people also, like if you're in a bit of a pinch and you're like, oh, I'm really feeling these mortgage repayments every single month, like you don't have to kind of suffer in silence. You can talk to a mortgage broker and go, okay, cool, well what could we do. How could we refinance this so that we're more financially comfortable today, but we still have a plan to pay it off before retirement exactly.

I just I don't think that's a good idea.

But that's probably the top one that comes through, is that the refinancing. They assume that if you refinance, you have to push it back out to thirty years, So what do you do so in terms of when you're looking at refinancing, we don't have to stretch it back out of thirty years, But in some cases you might look to do that just purely because trying to free

You're not going to get in trouble with that, like you are just yeah, killing it yourself.

Yeah, I love So then you might come back, you know, after you've traveled for six months and say, right, you know I've got a promotion or I've got you know, more savings than I thought, I can make bigger repayments. Now, if I wanted to chop off, say another five years, what do my repayments need to look like?

Now?

Yeah?

Yeah, And do you know what, Jack, you don't know if there's but at the time that this episode is dropping, I have a free mortgage repayment calculator dropping on our website as well, So we'll put the link to that in our show notes as well.

But I think that that.

Will be like a really helpful tool because it's a really basic spreadsheet that I've built that is, like you put your mortgage amount in, you put your interest rate amount in, and then you can play around with the repayments and see the time frame that it would take

And you might be in a position where with the rate cuts, you know the point if I've I mean, obviously everyone's a static about this and that means more money in it.

But we're so excited, like we are happened yesterday for us, So like when you guys hear this, like just remember having yesterday.

We're going out for lunch today, Like we are excited.

You know, you might be in a position where you can keep that month your payment as is now and we're.

Paying the same amount.

Yes, some people.

Want that money back in their back pocket, you know, free up cash flow.

I get it.

Some people might be in a position where they can keep it. Therefore they're going to end up paying off their mortgage quicker.

Yeah, Like a good example there, Jack, if you're paying like let's say two thousand dollars a month to your mortgage and you're like, but I'm comfortable with that, why would I refinance? Well, if we refinance, you're going to continue paying that two thousand dollars a month, and that you're fantastic a lot less, you're paying a lot less interest,

I can see why people would think that. I mean, it's definitely not as.

Now we're saving money jack, like we are saving like we save.

Clients more my years of dollars, Like over the life of your loan.

I can almost guarantee that refinancing down point two five percent. It's not like fifty one hundred dollars, it's tens of thousands of dollars over that you're saving life. Yeah, we're not talking like oh yeah, why bother Like a pair of shoes, it's not a pair of shoe.

It's a whole last caravan. You want the.

Shoe store back yeah, so it's interesting how people go. Oh but week to week it does an impact, Yes, it does long.

Term, I know, I see why people would think it's in the too hard basket.

The aim is to make it as painless as possible, Like we don't.

Want these to be a paople. I want you to love us, not by us.

Yeah, I mean yes, it is like a normal application if you would say, go purchasing property. We do need your income documents, we do need to see bank statements, But like I said, we'll make it as painless as possible and.

As quick as possible for you.

If you are trying to say, match this up with like the refinance with say an fixed period date, just let us know so we can try and you work with you and try and match up those dates.

But if we're not aware of that you're trying to match it up, you know it might.

We just give us as much information as possible, Like the more info the better. Like it's such a I said this about financial advice, and the same is for mortgage broking, Like it's such a privileged position to be in to like know how you feel about your life and your goals and what you want to achieve, but also like financially what you're doing, Like, we are so lucky to be so trusted, but like you do need

Is going to drop your borrowing?

What actually, yes, and so we might go right well in that case, we're not going to tell you where to get pregnant, but like maybe let's try buy sooner rather than later so we can lock in a good rate and then we can talk about a baby a little bit late, Like we can.

Have those conversations.

And if you're not trusting somebody with you know, being able to have candid, nice conversations like that, like maybe they're not the right fit, because like we want to work as hard as possible to achieve your goals. Like when you win, we win. And I think that that's a really important reminder, Like if you don't feel comfy being like, oh hey Jerry, Yeah, so what would my borrowing capacity be if I had another baby?

Like, yeah, I don't want.

To talk to Jerry about my baby place. But Jack, I'm a cool Jack, Like, it's not just about us. It's more like, find someone that you just really gel with. Because from my perspective, sometimes people see the relationship you have with the mortgage brokers transactional. Yeah, but it's not like if you find a good mortgage broker, they are on your team for the life of your loan.

That's like thirty years of us checking in.

Always make sure you've got the best rate, talking to you about, you know, potential investment opportunities. Okay, cool Jack, you've got like enough for a deposit? Did you want to leverage that? What does that look like? Are you comfortable? Like we want you to be in the best possible position ever, I.

Really like you comment around. You know, when you win, we win. It really does feel like that we're.

Going out for lunch guy, because your interest rate dropped.

I mean, who wants to be paying any more money in interest if you don't have to one hundred Like I just we're on cheese on the money, Like, I'm not here to waste my money.

No, I didn't say I always spend it in.

Line with other people's values, but like, I want to be able to be in the best possible financial position. Now, I think a lot of people are listening and they're like, look, maybe refinancing is worth it, but how do you actually do it?

Is the question?

So up next we're going to talk about the features that actually matter, the fees that you need to watch out for, and how to spot a deal that's actually worth switching for.

So guys don't go anywhere.

All right, So we're back, and I'm very excited about this because we've covered when refinancing makes sense and why it can feel a little bit overwhelming. But what happens when someone actually does it? Like, if we're going to go and do the whole refinancing thing, can you just, I guess, maybe share a client win that you've had recently, someone who thought maybe it was too hard but ended up saving a whole heap of money.

You're like, yep, everybody there, because otherwise it wasn't refinance.

We also, I guess if you come to a mortgage broker, right, and I know it's not worth three fun.

You will tell you.

We're not going to like, Babe, we don't want you to do the admin and go through hoops to then think that we didn't do anything.

No, it did to be beneficial for you to do it to make the move.

We're gonna like lay it all out there.

We're going to compare it all, including like the discharge fees and the new like signing up fees and things like that, and if it doesn't make sense, we will tell you stay put, let's chat soon.

Yeah, Like just sit pretty.

You've actually got a pretty good deal and that's a good position to be in as well, because and you know that you're in the best possible position currently.

But at least you're checking right, Yeah, exactly.

So for anyone who's I guess never gone through this before, because I think a lot of our community they've just bought their first homes in the last few years and maybe they've never refinanced. What does the refinance process actually involve? So like, let's say I want you to do it for me, Jack, I pick up the phone and go, hey, Jack, you are now my official broker.

What do I do?

So I guess from here we would compare obviously rates number one, looking at you know, getting a lower rate, so less monthly repayments, things like that. We're going to look at the discharge fees, Like I said, what that looks like the land titles office fees to discharge the mortgage from the loan.

That's a lot of fees. I don't think a lot of people thought about.

No, but we will lay it all out on table for you, so we will compare it all. We'll send you an email. It's all you know, their fee to visually see it. So we're talking. You know what your rate is, what your payment is, what your startup fees look like.

You discharge fees any of you and your fees with the new bank. You may or may not have had one. Do you have one now?

So we've got to weigh it all up and make sure it's still beneficial when taking everything into account.

Yeah, absolutely, so talk to me about Obviously I'm.

Very pro broker.

I own a brogage broker is kind of like I own a mortgage breaking business. Obviously am pro broker, but like I adore the idea of a broker for a number of reasons. But like Jack, why wouldn't someone just go directly to a bank instead of, you know, talking to a.

Broker, Because that's a very valid question.

Yes it is. I don't I want to say.

Jacquelines or in PC in the nicest possible way. She's very complimentary of everybody in the industry, honestly, sometimes to her detriment.

But I think it's.

Look, I used to work for a bank, so but you did it, really you did a different role. But I think it's interesting because like if you go to the bank, it's kind of like going down to Let's say, you want to like go buy a packet of chips, right, So you walk into Smith's, the Smith's factory, and you say, what chips.

Have you got?

Yeah, and they're gonna.

Show you all of the chips that they have in their particular range. They're going to go, oh, we've got these crinkle cut lines, they're really popular. We've got this, this, and this, and you go, okay, cool, Like that's all the chip ranges. I'm going to pick from that, and you've got maybe like five options, right.

I'm going to say two or three?

Yeah, Okay, Well, I don't know I don't actually buy chips that often. I just thought it was a good example. But then you go, all right, well, maybe I'll just go down to Coals or Woolies. And that's like you're broker.

You go in. There's a whole damn aisle. There's every opportunity.

There's a Red Rock Deli, you've got the gluten free options, you've got you know, Thins, You've got Lays, You've got Smith's is there too, Yeah, but you now have so many more options, so many more price points, so many more flavors and benefits. That's I guess the difference. So yes, you absolutely could go direct. If you're like, I don't care, I only want a bank with nab ever Victoria, that's great. You could be paying loyalty tax because you're not getting

Like they're not paying an entry fee.

It's not like going and seeing a financial advisor where you have to pay thousands of dollars. We are very lucky in that we get paid by the banks, but only if your loan settles, only if it works. So that is to me really important because some people would go, oh, that feels a bit weird, but like, at the end of the day, you're not being charged more as a consumer. The bank is sharing their profit with us as kind

Access to the wide range exactly.

And so just seeing a mortgage broker, you go, but I have a broker, Well, who were they employed by? If they're employed by a bank. To me, I would go, well, maybe you're not getting as many options put on the table as possible. They could be the best person in the entire world. I mean, you heard before Jacqueline used to work for a bank, but when you did, you would have had a limited range of opportunity.

Pretty much looking at variable or fix really exactly. They will give you, obviously the best product that they can offer, I'm sure of it. But like you said, if you go into a broker, we've got I mean sometimes you've got sixty different lenders on your panel, so there's sixty different dictions that we can, yeah, put in the mix and show you exactly.

And I think that that's really important to take into consideration as well. So Jack, beyond chasing a lawer rate, what loan features should we actually be looking for to make sure that refinancing actually improves our financial situation. Like I feel like so many times people just really get stuck on the numbers.

And they're like, I just want to lawer rate, I just want to lower rate. What else are we looking for? Fees?

I guess, and your fees accounts offsetting fees. Some banks will have it set per month or per year to take into account if you're paying any of those fees. Number one, do you have an offset? Is it going to be worth you introducing an off set? Do you have separate banking at different banks? Is it worth looking at putting it maybe with the one bank, and then that way we can put your savings into one of the offsets, or your holiday fund or your spending funds.

So it's so I guess on that as well. Your mortgage broker can and should, from my perspective, be helping you with cash flow. So they should be sitting down and going, all right, so this is how we're going to budget. This is what this looks like. This money goes into this. It's one of our favorite parts of

But the flip side.

Is cash back offers, Like I feel like they're probably going to make a resurgent soon because of the dropping cash rate, and obviously lots of people have their eyes on lots of different opportunities. So you might see some of the big banks going refinance with us and we'll give you three thousand dollars cash or two thousand dollar. When you see it all the time, it would be.

I mean every single bank. I felt like I was playing part in that. Probably two or three years ago, it.

Was everywhere in COVID, everybody was doing a cash back off. Yeah, and brokers can access that for you too. You don't have to go direct to that bank, like you call your broker first.

Yeah.

Now it has sort of dropped. There is only probably limited banks that are offering it. You got to wait it up like sometimes I do think it probably is a shiny distraction. I think it's easy if you don't have a broker who's obviously, you know, going to like I said, laid all out on the table for you to show you every little single fee and charge and

Why wouldn't I.

Yeah, money win, Yeah, but long term it might cost you more than I do find sometimes the interest rate is probably slightly higher than.

What you could get. But I mean not to take it out.

You just got to wigh up where that pinpoint is in your loan term, Like you know, after one year, is it now that we're at that break point where it's no longer working, and do we need to look at now either refinancing yet again to get a lower interest rate or you know, sometimes people will just slip into the comfort of just staying with them again, and that's probably how what.

They're doing exactly probably got you in the door with the shiny thing, and then you stayed because it was warm.

Here.

I think that's interesting as well, because yeah, so many times we think that's a good deal. But like instant gratification versus delayed gratification.

Sometimes forget like most of the time your loan is over a thirty loan.

Term, yeah, and three grand over the long term, maybe you're paying ten thousand dollars more.

Maybe not.

I'm sure that that three thousand dollars is probably not sitting in your offset, you know, working for you.

I'm sure that's already been spent.

And oh yeah that in my head, that's free money. Yeah, that's not my saving that last free money.

Yeah, going on a holiday with it.

Yeah, yeah, money. We so talk to me about.

Obviously, we want to be shopping for a better rate because it is important to get the best deal possible. But how does that impact my credit score?

I mean, if you're just looking like window.

Shopping, little yeah we window shopping, Okay, window.

Shopping, it's not going to obviously impact your credit score. So if we're just you know, seeing what's out there, reaching out to a mortgage broker to see what options there are.

Then your credit file is not being touched whatsoever.

If we're actually committing to it, and actually going ahead with the refinance.

Then obviously, yes, it is going to have a hit on your credit file.

That's not necessarily going to have a negative effect. However, multiple times in a short period of time.

Yes, this.

Don't go talk to lots of brokers and submit lots of inquiries and do all of that, because I don't know how to say this, but you are disadvantaging all of the brokers if you are shopping around. I'm not saying don't have an initial chat with them, and if they're not the broker for you, go find somebody else. But don't go down the garden path. Don't like, submit a credit inquiry with a broker just to.

See what options they can put on the table for you.

They don't need to be doing.

Yeah no, because all good brokers, honestly should be able to analyze your situation in exactly the same way as the next broker down the road and get the same outcome. And if they're not, I'm actually a little bit concerned. The important cherry on top there is like the relationship you have with them the above and beyond, what additional things does that business offer you in terms of support and ongoing client relationship and like whatever that looks like.

Because when you a credit I think we've spoken about that previously, but credit scores can have an impact on which lenders will and won't take you. So therefore, instead of having you know, the door open to say, like a had sixty different lenders, you might only be able to now look at three options. Yeah, so it is hindering where you can go and what you can get.

Yeah, and a broker we'll be able to guide you on that too, because like if you've got terrible credit or something, you can still have a chat and be like, well, what can I do Jack to either increase my credit score? Or like can I ever move while they have a bad credit score? And can you move? Like if my credit score is not amazing, Jack, don't have to wait?

What can I do?

We need to obviously have a look at it, see what it is, see what the actual background is, and what we can do, but there's certainly options. We've definitely had clients that have come to us that we've been able to move from a much lower rate that thought that their credit score wasn't too It.

Wasn't amazing incredible, but like once we have a couple of conversations with the bdms and the banks, they're like, oh that makes sense. No, we'd be willing to accept them all good. That's where the relationship part comes into it. A lot of the time, Jack, this has been incredible, but unfortunately it is all we have time for today. Thank you so much for jumping back on the show. Genuinely, I feel like I was like not pulling teeth, but I'll it's.

Like, so could you do this week? What about next week?

Can you come on the show and talk about refinancing, because like, I'm getting a lot of questions about refinancing. I feel like you always explain stuff in a really clear and really practical way that just makes sense, and I know that people are going to find this really helpful, so.

I appreciate it.

Oh thanks, no, of course, And guys, it doesn't need to be a massive process, and getting the right support can make it a whole lot easier, even if you're just checking if your rate is going to drop. Is a great first step, and of course, if you've got questions or you want to help figuring out if it is the right.

Move for you.

The team at Zela Money we literally always here. I'll put our contact details in the show notes because if I can't shamelessly promote my own business on my own show, why are we here? And as always, if you enjoyed this episode, make sure that you're following the show, hit subscribe and leave us a review and share it with someone who you think might need a little refinancing nudge.

Your individual circumstances.

She's on the Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read.

The PDS TMD and obtain appropriate financial.

Advice tailored towards your needs.

Victoria Divine and She's on the Money are authorized representatives of Money sheper Pty Ltd ABN three two one six four nine two seven seven zero eight AFSL four five one two eight nine