Fixing your mortgage – certainty is key
Yes, you won’t be surprised to know that interest rates continue to dominate conversations with my clients, and one question keeps coming up: “Should I fix for six months or twelve months?” While we’ve discussed this before, we now have actual history of falling rates to compare, (see my chart below), allowing us to look […]
Making lump sum payments and break fees
We’ve had a lot of people asking about lump sum payments, and we’re pleasantly surprised at just how many people have a little lump of cash lying around. It might be $20k, sometimes it’s $100k! Either way, people ask themselves if it’s better to sit on it or put it on the mortgage. While it […]
Mortgages for the self-employed
A mortgage can be a daunting task for anyone, but for self-employed people, there is greater scrutiny from the banks to ensure they are not a high risk. Traditional employees have a steady income, and a regular paycheck or salary, whilst businesses often fluctuate within their industry, the market, social and economic issues, health, and […]
The fear of having to sell your home
Has this thought crossed your mind? Have you looked at all your outgoings and the impact of interest rate increases and come to the conclusion that there is no other option? It certainly has for some people and I’ll put my hand up to say I’m someone who had to do it. The decision was […]
The squeeze is on!
I said a few months ago that spending restraint would begin to flow through the economy because interest rates would absorb more household income – ergo, less money in your pocket to spend. Fast forward three months, things are a bit clearer, and in my view, a trend change is underway. Tony Alexander is a […]
What’s the best interest rate strategy?
This question of what’s the best interest rate strategy has been something many homeowners haven’t considered for a while. I mean who needs to think hard on that one when the rates are falling month upon month (for years)! But it is a question that should start ticking over as 2021 progresses. Because, over the […]
