Enjoying 4% interest rates?

What's your future plan when rates start rising? 

Banks are testing servicing at nearly double this now. That's the interest rate that they use to test if you can pay your mortgage in a tougher market. 

It's been creeping up in the last year by about 0.5% with some introducing additional expenses to their calculation; effectively reducing the maximum you are able to borrow. Which potentially sets up refinance as a challenge for you in the future.

There's some argument that shopping around in a good market, anyone can get a good deal. When the market gets a bit tougher, the responses you're used too, often are not there. 

This is where a good mortgage adviser/broker is critical. We have good relationships with several, and using one usually, doesn't cost anything extra. Usually quite the opposite, often saving you significantly in the longer term.

Have a mortgage and your fixed rate is coming off or needing a review? Give us a shout, we'll get you talking to the right professional for you.