Adam Clark

You know, refinancing a few years ago wasn't actually all that common.

So the number of people that are actively refinancing has gone through the roof.

And so all of a sudden, it's being talked about more in the media.

People are, this general awareness of the ability to do that has increased.

And so, you know, your average first-time buyer is going, oh, I could get a bit of that free money.

That sounds great.

But of course, they don't think about, you know, when they sign documents with a lawyer, there was 47 pages that they had to sign.

Yeah.

One of them happened to be their deed of acknowledgement tying them to that bank for three years.

So it's a very easy one for them to forget.

Or they will, this one pops up more often than you might think.

Someone says, oh, I've got my loan split into three.

I want to refinance one of them.

What?

So people think that you can take a loan out of your three.

So you've got, you know, 600 grand split into three portions.

I want to take that one.

That one's not locked in.

Can we take that portion to another bank?

Yeah.