In last year’s December quarter, more than 50,000 home-owners refinanced their mortgages with other banks, totalling $12.6 billion of mortgage business. This increase in switching was led by customers looking for a better deal.
The National Information Centre on Retirement Investments Inc (NICRI) receives many requests for information or advice on whether an equity release product is the right choice when looking to access funds. NICRI is an Australian Government-funded, independent consumer agency providing information to the general public on investment products.
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