When to Refinance in Australia [Should You Refinance Your Home Loan?]

[@willbellmortgagebroker]

Need help with getting rid of debt faster? Start here calendly.com/wbell-wbmb/intro-call

[@redgatecrt]

Understand that subsidies and grants are never free, they add fuel to rising costs. You will end up paying it all back and more.

[@redgatecrt]

You must also ask the broker if he or she receives any commission.

[@redgatecrt]

It’s crucial, especially for new homeowners to keep their income to loan ratio to 4:1, for example, value of property being 4 x the house holds yearly income, a higher ratio will cause severe financial stress if anything negative changes in your financial circumstances. Just because you can afford it today doesn’t mean you can in the future. Banks and brokers are very happy to max you out but where are they when it all turns south

[@redgatecrt]

Those that are owner occupiers must also understand the on going cost associated with property ownership always rise due to inflation AND if your property gains in value (equity) the local council will hike the rates as to will the water supplier and insurer.

[@redgatecrt]

The things banks and brokers don’t tell you