Author: Dave Mills
Your mortgage is probably the most important element in your personal finance portfolio. Certainly for 90% of people in their 20s to 50s, a mortgage is the major financial focus and commitment.
For most people, your mortgage is your largest financial outlay every month. That is why it is crucial to get it right from the beginning. Do you go fixed rate or tracker? Where are the best rates? What other factors do you need to consider?
It is worth contacting a mortgage advisor with access to whole of market policies, rather than an institution such as a bank, for instance, which will merely recommend one product line.
It is also worth contacting a mortgage specialist who is local to your area, whom you can talk to face-to-face, who knows the districts where you are looking to buy, and who is quickly on hand for advice and urgent action.
Getting the mortgage right makes everything else that bit easier. It can enable you to make other financial arrangements. It can give you that extra money to invest in life cover, critical illness cover or income protection – all situations that would affect your ability to pay your mortgage, and thus all situations in which you should have arrangements in place to protect yourself and/or your family.
After all, you avoid most other regularly financial commitment: you can suspend pension payments, and opt out of investment installments, but you have to keep paying your mortgage.
So, to get a mortgage that forms an ideal foundation for all of your personal finance arrangements, contact a local, whole-of-market mortgage specialist. They will make sure that your mortgage is right from the start, and that it is regularly reviewed to make sure that it keeps pace with your overall personal finance circumstances.
If you have any questions about the subject matter of this blog, or would like more information on any mortgage related point, please do not hesitate to call us, or to contact us in any of ways highlighted on this website.
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