The best advice to take control of your finances
Like you, the vast majority of Australia’s population currently holding a mortgage at the moment are watching interest rates closely with a lot of interest and most are getting highly stressed about the latest interest rate rises.
Mortgage Rate Stress
Here’s a check handy list of the things you need to bring on your first day.
Unfortunately, the RBA seem to think the only way to reduce inflation is through interest rate rises and those of us with a mortgage are starting to really feel the pinch. We have now experienced 10 interest rate rises in the last 2 years, so everyone who has been on much lower rates during peak covid times are really noticing the difference in payments now.
Borrowers coming off fixed interest rate periods this year or next year are expected to take a huge hit to their current financial situations.
Continue reading to find out some ways to take control of your finances…
Get Focused for 2023
Read Mortgage Rate Stress and find out how to reduce your mortgage rate stress in WFO 2023 Mar Issue 3