Falling interest rates and availability of cheaper housing finance have proven to be the proverbial "dream come true" for those planning to take home loans.



However, there is another aspect to this story that has been largely overlooked. It is applicable to those who have already availed of home loans at higher rates in the past.



BALANCE TRANSFER- a facility which enables you to transfer the unpaid portion of your home loan to a new home loan company at a more competitive interest rate.