Your home is your biggest asset and also your biggest liability, so accordingly this should be the first place you look when trying to fix your budget, accelerate your ability to save or increase your disposable income.
Most Australians are paying far too much for their mortgages. For example, a 0.5% per annum discount may not seem like a huge saving but a discount from 3.75% to 2.9% on a standard home loan of $400,000 over 30 years is a saving of $2,000 in the first year alone. An overall interest saving of $42,148 over the 30-year life of the loan and will reduce your repayments by approximately $117 per month.
With interest rates at record lows, there has never been a better time to review your home loan options.
We can understand that you may feel a sense of panic and you may even think it’s too late to do anything about it now. Some of you may be heading for the fire escape or burying your head in the sand hoping that it will just all pass without result. We want to advise that whether or not your industry has been affected yet, NOW is certainly not too late to act.
When looking to improve cashflow and disposable income, your home loan & personal finance is the first place you should look. These are usually the largest of your outgoings and the interest on these loans can be among your largest expenses.
Given how cheap home loans are in the current market, we are seeing many more people looking to use these cheap rates to pay off other loans like credit cards which are costing them high interest and choking cashflow.
Get a FREE $500 Gift Voucher if you refinance your mortgage with us by June 30!
*Term & Conditions: Limited time offer – $500 gift voucher for completed loans – Settlement by 30/06/2020 – Minimum $250,000 new lending.
Everyone needs a health check from time to time and with an ever-changing landscape so does your financial health. Our team at NEXT make this an easy process. We can evaluate your current situation and assess how your financial situation is positioned against up to the minute offerings and rates on an obligation-free basis.