Or are you working for your finances?
It’s funny how with home loans, we spend so much energy, time and effort around securing that first loan; saving so hard for so many years and focusing so much on finding our first home. And then: nothing. We buy our home, assume everything is locked in and stays the same forever, and we go about our merry way paying off our mortgage indefinitely. At least it certainly feels that way.
And yet, our mortgage, like any other expense, can and should be regularly reviewed to ensure that it still fits our circumstances, and is still working for us.
We review other financial commitments– insurance, service providers we are signed up to – and yet we tend to ignore the one financial decision we’ve made that has the biggest impact on our lives and could potentially save us thousands of dollars.
However, there is something really simple that you can do to shake yourself out of this kind of complacency when it comes to your home loan. Visit a mortgage broker.
Yep, you heard that right. Visiting a mortgage broker isn’t just something you do when you get your loan. It can be something you do during the course of your loan, at regular intervals, to check in with where you’re at, and assess whether your current set up is still the most competitive rate and the best fit for your needs. A home loan health check, if you like.
So if you knew you could secure better rates, or a new structure that suited your lifestyle, and consequently saved you thousands of dollars, would you do it? Of course you would. Well, Choice Home Loans has made it easy for you by offering a service by the name of a Home Loan Health Check.