Before the release of Monday afternoon’s final report into the Financial Services Royal Commission, the Customer Owned Banking Association (COBA) has urged Australia’s politicians to remember that banking extends beyond the traditional ‘Big Four’.
Consolidating other debts such as a car loan or a large credit card bill into a mortgage is one of the most common reasons for home loan refinancing in Australia. We look at how this works and whether or not it’s a good idea.
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