What are your New Year resolutions?
New Year resolutions….. Some are new, some are re-occurring and some we know will only last a couple of months.
Setting up your New Year resolutions for your finances though only needs to be done once a year and may need a little monthly commitment. You can do this by setting up a budget to help you get to a goal. It can also be just to clean up your finances making things easier to manage.
Is one of your New Year resolutions to get into your own home… Do you know what your borrowing capacity is? How much deposit do you need? What is required to start the process?
Want to consolidate your debt so it is easier to manage? This can be combining credit cards and personal loans into your home loan. As a result of this it can lower your monthly payments and give you more cash flow. With the additional cash you can put it towards paying down your loan or towards one of your other goals.
Do you want to start your New Year with investing in property? Again, do you know what is required with deposits, costs, etc.
A Mortgage Broker can help with all of this information to guide you through the process of what you need to get into the property market or help assist with debt consolidation.
It is also a good idea to speak to a Financial Adviser as they will be able to look at your overall situation, where you want to be and put a plan in place to help you get there.
A Financial Planner and Mortgage Broker work hand in hand as the Financial Planner is able to give you the best advice of what loan structure is best suited to you situation.
Contact me today to start the process and achieve your New Year resolutions.