One option to consider when coming off a low fixed-interest rate home loan is to refinance. Refinancing involves taking out a new mortgage with a different interest rate and term, which can help you save money on your monthly payments. Refinancing can be a great way to secure a lower interest rate and reduce your mortgage payments. However, keep in mind that refinancing comes with closing costs and fees, so you’ll need to weigh the pros and cons before making a decision.