- Interest rates are on the rise and all signs point to further increases – are you on a competitive rate?
- Access equity to increase your cash buffer to manage risk.
- Lender refinance rebate offers mean lenders will pay $2,000 or more to move. But they are available for a limited time only.
- If you are concerned about further rate increases with inflation proving so difficult to tame, now could be the time to fix a portion of your debt.
- Get in before access to finance becomes more difficult as rising interest rates continue to put a squeeze on borrowing power.
- Move to a lower monthly repayment to improve your cash flow.
- Ensure that you are making the most of offset accounts and have an effective money management system.
- Take advantage of the weaker market conditions, whilst house prices are lowering to invest and grow your wealth, as we know housing downturns are often short-lived and do not last as long as the upswings
- There are fewer supporting documents required than ever before when refinancing, due to credit reporting changes.
- If you’re approaching the expiry of your current fixed rate and considering fixing again, now is a good time to review, in the event that current fixed rates continue to rise, you choose to wait and you miss the boat altogether
- Consolidate debt to make your repayments lower.
- Receive strategic advice regarding your mortgage strategy in case you are not optimising your tax deductions or your ability to hold property into the future.
- Develop a plan for buying a property.
- Review your loan type (variable v fixed) and repayment strategy (P&I v I/O).
Call us on 1300 896 045, contact us here or email your Strategic Mortgage Broker directly if you would like to discuss your circumstances.