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Finances on your mind?

by The Advantage
4 January 2021

If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Advantage Consulting stand ready and able to point you in the right direction to get the assistance you need in this difficult time.

Make sure your current loan is right for you

Turbulent does not even begin to describe 2020. As a result of COVID-19 and not forgetting the bushfires, thousands of Australians are out of work and many others have had their hours reduced or have been temporarily stood down.

In this period of uncertainty, at the very least many will be taking a closer look at their finances to make sure their current loan arrangements are right for them.

And while the options can seem straight forward, it is easy to miss the details and differences that can add up, particularly over a 30-year term.

Potentially save by refinancing

Refinancing too may be on the minds of many as a result of the Reserve Bank cutting rates and banks passing them on, to varying degrees, as well as access to a range of competitive fixed interest rate options on the market.

While a simplistic view of what constitutes a great mortgage is the one with the lowest interest rate, we know that what suits one person might not necessarily suit another. For instance, fixed interest rates can offer piece of mind as interest rates increase, but they can be the cause of anxiety if rates fall or if unforeseen circumstances require a change.

No matter what your circumstances are, Advantage Consulting can actively assist you in navigating your current situation. So, if you’ve been thinking about reassessing your finances, do yourself (and your cashflow) a favour and contact us now!

Disclaimer: This is general advice and has been prepared without taking into account your particular situation or needs. You should consider whether it is appropriate for you before acting on it.