Identify loan features important to you

Identify the interest rate that suits you

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Know the fees/ penalties that will apply for ending your current loan

Understand the fees that will apply to the new loan

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Know the revert interest rate for the new loan

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Do the numbers ( of your potential savings) or have someone do the numbers for you

Check your required loan amount is realistic before submitting a loan.

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Get help from a professional

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If the main reason to refinance is to save money, then a professional may be able to suggest an alternative loan structure that could serve you better than just looking for the lowest interest rate. 

For more comprehensive information on home loan refinances request your copy of "Your Guide to Home Loan Refinance".

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