Are you one of the estimated 800,000 Australians soon coming off a low, fixed-rate home loan, meaning a higher, variable rate is in your near future? We speak to a couple who found themselves looking down the barrel of this situation, bringing with it significant levels of mortgage stress. A chance meeting with a mortgage broker triggered an overhaul of their finances, and advice on a restructure that would give them breathing space as interest rates rise. Be sure to read this informative case study.
If you are worried about rising interest rates or the end of your fixed term, don’t be afraid to contact me. I’m always here to help. Please get in touch to make a time convenient to you, to run through all the options available for your situation.