With interest rates being so low at the moment now is a good time to review your financial situation.

Are you paying high interest on an unsecured personal loan or credit cards? If you have enough equity in your home you may be able to roll them into your home loan to free up some more income and reduce the amount of interest you are paying. With credit card interest being as high as 20% and some even higher, it may make sense to roll this extra debt into your home loan as your home loan would have a much lower interest rate. This will reduce the amount of interest you are charged and in turn reduce your monthly repayments. Then if you have extra cash you can pay it towards your home loan to reduce the term of the loan and save on interest.

Call us or come in and see us and we will be happy to review your situation.