After taking out a home loan, years may pass where you don’t give a second thought to whether or not it still fits your circumstances.
But circumstances change. Your income may have increased over the years. The kids may have left home leaving you with more expendable income. The value of your home might have risen considerably or you may simply no longer have the most competitive rate available to you.
For these reasons and more, it is advisable to have your mortgage assessed regularly. Some experts recommend once a year.
For many, a home loan represents a large proportion of their outgoings. If loan repayments could be reduced, interest rates change or if new tax benefits become available, it is important that you know how to take advantage of the possibilities.
A Home Loan Republic broker can help you decide whether or not your current mortgage is still right for you.
At Home Loan Republic, we regularly save our clients thousands of dollars by assessing their current home loan situation and taking advantage of better deals. Arrange your own Home Loan Health Check today and reap the benefits.
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