March 1994 News | RefinancingLoan.com.au

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Refinancing Loan News

Mortgage Switching Picks Up Pace

Wednesday March 23, 1994

THE RAPID growth in refinancing - changing over a housing loan during the life of the mortgage - has significant ramifications for Australian mortgage markets. Whereas once borrowers retained their original mortgage until they paid it off over a period of up to 25 years, it is a different story tod