Oh the days of having 2% Fixed Loans for 4 Years. It was a great time to see the home loan repayments reduce to 2%. In reality many people bought the new car, new caravan, had an extra child or two, or moved into houses in better areas as long as the interest rates stayed at 2%.
This year, we will see a record number of fixed loans coming up to expiry. The reality of the home loan repayments increasing can put pressure on families financially. Using some strategies, we may be able to restructure debt. Will you get ahead by doing this – you may not, you may only just get by. Some homeowners have made the tough choice to sell their homes, to start over again, and downsize their expectations and embrace financial freedom.
If you find yourself in this situation and would like to know in advance your expected payments, please reach out to discuss your loan situation!
No one likes to leave it until the last moment. We are trying to make the most of your time at the lowest interest rate but we also need to look to the future. Some of our conversations can be tough but realistic and we can explore a few different scenarios to see what will suit you. Money is necessary for families, so making the most of the money you have available is important.
So if you would like to know more about your loan situation, please call 0403 211 361 or complete our contact form for more details.
We offer no cost, no obligation assessment for your loan scenario.
