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How often should you review your home loan?





When was the last time you reviewed your home loan?


At the very least, you should be reviewing your home loan every two years. But besides these regular checkups, what kind of events should prompt you to review your home loan?


When interest rates change


When the RBA changes its cash rate it will often lead to lenders changing their rates. With the cash rate at a record low, this may be a good time for you refinance and find a lower rate.


When the interest only period or fixed period is about to expire


When your repayments are about to change it is a good time to see if the rates you are about to take on are still competitive.


When you have too many other debts


If you are struggling to handle several debts, you can consider consolidating those to simplifying your repayment requirements and even reduce your levels of interest.


When your circumstances change


Your ability to pay down your debt may have changed since you took out your loan or last reviewed it. Take advantage of your circumstances to refinance and potentially save thousands of dollars and reduce your home loan by years by refinancing and optimising your home loan so it really works for you.


As part of our review process, we will ask you if have recently reviewed your home loan. If there is anything we can do to assist, please give us a call.







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Jinec Pty Ltd T/as Wealth Matter$ (ABN 26 082 811 863) is an Authorised Representative of The FinancialLink Group Pty Ltd (ABN 12 055 622 967) Australian Financial Services Licensee No. 240938