Get more bang for your buck this spring

Mortgage Choice reveals its three top tips for home owners  

As the nights get warmer and the days grow longer, many Australians have a tendency to spend more money. Rather than give the credit card a work out, there are some simple tips mortgage holders can implement to get more from their budget.  

“The trick is to start with a simple budget. By doing so you can keep track of where your money is currently going and can make decisions about where you could potentially cut back,” local Mortgage Choice mortgage broker Melissa Jackson said.  

But cutting back doesn’t necessarily mean you have to miss out on the things you enjoy.

Mortgage Choice offers three top tips for getting more bang for your buck this spring:  

Start with a simple budget – It is never too late to start keeping track of your money. By preparing a budget you can keep better track of where your money is currently going and can make decisions about where you could potentially cut back or redirect spending.

Think outside the square – Consider a dress swap with some close friends this spring racing season instead of splurging on a new frock. Equally, why not get the kids into the kitchen for some cooking fun – cheaper than buying treats and more entertaining!

Don’t forget your mortgage – With interest rates sitting at historic lows, there may be a better home loan deal on the market that meets your current needs.   

“Too often, people have a set-and-forget mentality with their home loan and, as a result, they may be missing out on potential savings or deals. If you haven’t reviewed your loan in a while you may be pleasantly surprised to find another home loan that better suits your current circumstances,” said Melissa.  

“Consider any unique home loan features that may be available to you. A redraw facility for example can significantly help you stay in the black. This feature allows you to make additional repayments on your home loan which reduces the interest you repay over the term of the loan.  

“Conversely, you can access the additional repayments you have made on the loan via the redraw facility – providing you with a cash injection if and when you need it.  

“A mortgage broker, like myself, can give you a free home loan health check to help you understand what home loan features are available, and find a solution that best suits your needs.”  

If you want to learn more about your home loan options, call 0405 315 227, or log onto www.mortgagechoice.com.au/melissa.jackson.      

For further information or to arrange an interview, please contact:  

Melissa Jackson

Mortgage Choice

0405 315 227

melissa.jackson@mortgagechoice.com.au

Important information  

This article is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances.  

About Mortgage Choice  

Mortgage Choice has sourced a home loan for well over 350,000 people since 1992. It works with all manner of property finance borrowers via hundreds of franchises.  

The company writes one home loan every 15 minutes in Australia by providing professional guidance on, and choice of, products offered by an extensive panel of leading lenders. Many of its brokers provide a broader service, helping customers source commercial and personal loans, asset finance, deposit bonds and providing referrals for risk and general insurances.  

Uniquely, Mortgage Choice pays its franchisees the same commission rate for home loans they write, regardless of rate paid by the lender a new customer selects, working in the customer’s best interests to tailor a solution to them.  

To cater to the growing needs of our customers, Mortgage Choice soft-launched in October 2012 its new financial planning business. Mortgage Choice Financial Planning will officially launch in FY14.  

The company has no balance sheet or funding risk, and consistently delivers strong profits and attractive yields. It listed on the ASX in 2004 (MOC) and is a member of the Mortgage & Finance Association of Australia (MFAA).  

Recent recognition: 2013, 2012, 2011 Australian Broking Awards Major Brokerage of the Year – Franchise; 2013, 2012 Australian Broking Awards Best Ethical/Social Responsibility Program; 2012 Australian Broking Awards Best Training and Education;   No.1 on The Adviser magazine’s 2012, 2011, 2010 and 2009 Top 25 Brokerages list; 2012, 2010, 2009, 2008, 2006 and 2005 MFAA Awards Retail Aggregator/Originator of the Year; 2011, 2010, 2009 and 2008 10 Thousand FEET Top 10 Franchise list; 2010 Forbes Asia-Pacific Best Under A Billion list.  

Mortgage Choice holds an Australian Credit Licence: no. 382869 and Mortgage Choice Financial Planning Pty Limited, a fully owned subsidiary of Mortgage Choice, holds an Australian Financial Services Licence: no. 422854. Both licences are issued by ASIC.  

Visit www.mortgagechoice.com.au or call customer service on 13 77 62.

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