Being taken for granted is never a good feeling in a relationship. While financial institutions like to tell you that they value your relationship, their actions all too often betray the fact that they pretty much take you for granted. That’s why a home loan health check is a great idea. It can help you keep a close eye on your home loan costs and identify areas that you can save interest or free up cash flow.
While the loan you negotiated three, five or even ten years ago may well have been perfectly suitable for you at that time, times change, new products emerge, and financial institutions have a habit of factoring margin into loans that have been around for a while.
A free home loan health check can help you to understand what loans best suit your circumstances now. It is not uncommon for borrowers to find interest savings that could be in the thousands of dollars per year. Savings like this can help you to broaden your property horizons by either
- Helping you to establish greater equity in your existing property quickly
- Freeing up repayments to allow you to consider purchasing a second property
- A combination of both benefits.
Property has proven to be a reliable wealth builder for many years. Taking
control of your loan portfolio by instituting regular home loan health checks
can help you to grow your property portfolio and home equity more quickly.
Take control of your loan finances today and arrange to have a free home loan health check though Australian Finance Hub.