re­aldeal

The Weekend Post - Real Estate - - FRONT PAGE - with Nick Dal­ton

THIS week’s in­ter­est rate rise is a wake up call for all of us. This is time to think about rolling all per­sonal loans and other debts into your mort­gage. This means you will be re­pay­ing them at a lower in­ter­est rate, al­though over a longer term. Just make sure you are sen­si­ble with your credit cards and loans af­ter con­sol­i­dat­ing. Fix­ing the in­ter­est rate on some or all of your loan will give you surety over the re­pay­ment amount for the length of the fi­fixed term. Any spare money you can add to your loan, such as a tax re­turn, bonus or in­her­i­tance, can of­ten make a sig­nifi­f­i­cant dif­fer­ence to the over­all loan term and/or the re­pay­ment amount. Most im­por­tantly, al­ways fac­tor in fu­ture rate rises.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.