Happy New Year

Happy New Year!

Christmas time and the summer holidays aren’t called the silly season for nothing. It may be a fun time of year, but it can also mean expenses pile up.
So if your feeling a bit burnt, don’t despair! The new year is a great time to take stock of your finances and loans, and put a plan in place for good financial management throughout the year.
We saw many changes in the lending market in 2019. Official interest rates were cut three times; borrowing money is now cheaper than it has been for 70 years! Lending restrictions have eased slightly, so getting finance is a little easier. And lenders are competing for your business, which means some banks may offer new borrowers a lower rate to gain their custom.
All this means that now is a great time to get in touch with me so that we can review your loan and make sure you are getting a competitive rate. I can help you determine if your loan is still suitable for your current financial circumstances and future plans, and we can talk about refinancing your loan if necessary.  
I can also provide advice on how to structure your loans and repayments in the most financially efficient way. For example, the current low-rate environment could be a great opportunity to start making additional payments on your mortgage.
Please get in touch if you would like to discuss your current loan. I can certainly help you start 2020 knowing your money is working for you – not against you – 0409 789 427, Scott.