When can you refinance a home loan?
When you refinance is totally up to you, as it can depend on your lender, the type of loan you have, and your own personal finances.
In terms of your lender, some lenders allow you to refinance as soon as you take out a loan, while others may only allow refinancing after six months.
In order to keep costs down, it may be a good idea to wait until you've built some equity in your home before refinancing in order to avoid Lender's Mortgage Insurance (LMI).
Refinancing can have fees and risks, so it may be worth taking your personal circumstances into account before proceeding, such as any other credit obligations you may have or your job security.