You service your car regularly but what about your home loan?

January 28, 2014
Mark Hevron

Taking out a home loan is a massive undertaking – quite possibly the biggest financial decision of your life. However, for some reason, once people have completed their purchase and settled in to their new home, they never consider their loan again.

 

Why not?  A home loan is most definitely NOT a “set and forget” scenario.

 

Over the life of your home loan, your financial circumstances are likely to change several times and the amount of money potentially available to service your home loan will vary.

 

If you've had your home loan for more than 18 months, there is a distinct possibility that the level of your family income may have changed.

 

Up

·         There has been a promotion or change in employment and the overall level of income has increased.

 

Down

 

·         There has been an addition to the family and an income has decreased (or disappeared) for a while.

 

Besides major changes to your financial circumstances, other possible reasons for a home loan review are:

·         Renovate your house.

·         Utilise equity for investment purposes.

·         Take advantage of a lower interest rate offer.  

 

As the title of this Blog asks, you service your car regularly, so why not your home loan?

 

Telephone or email me now

Mark Hevron 0418 915 920

mark.hevron@mortgagechoice.com.au

to arrange a time to review your home loan at a time and place convenient for you.

 

Legal Disclaimer

 

While all reasonable efforts have been made to ensure that the information contained in this Blog is accurate and up to date, changes in circumstances after the date of publication may impact upon the accuracy of the information. Nothing contained in this Blog shall be construed as conferring any licence or right under any trade mark or in relation to any copyright of Mortgage Choice Ferndale WA or any third party. Any services referred to on this Blog are only available to Australian residents and are not available to any person who is a resident of any other country. Subject to any implied terms which cannot be excluded by law, Mortgage Choice Ferndale WA and its directors, officers and employees, do not accept any liability for any loss or damage, however caused, to any person arising from the use of or reliance upon the information contained in this Blog. Mortgage Choice Ferndale WA does not accept liability for information contained in websites linked to this Blog.  

Posted in: Refinancing

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