Last updated on 18th October 2017

Would you struggle to pay your mortgage if rates went up? Do this before it’s too late.

Smart Aussies are already taking this easy step.

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Smart Aussies are already taking this easy step.

Right now Australians owe, on average, around $2 for every $1 they earn. This is because record low interest rates have justifiably encouraged us to feel safe taking on more debt. But a growing chorus of financial experts are warning that a rate rise is imminent, and even the smallest change would mean turbulent times for property owners.

A recent news report found that 1 in 4 households with a mortgage don’t bring in enough income to cover their repayments and their living expenses. If rates rise by just half a per cent that number jumps to 1 in 3. With a rise many are calling imminent, Aussies are being urged to review their home loans to make sure they’re prepared for an uncertain future.

With HomeLoansAustralia.com it’s quick and easy to compare rates from trusted lenders across Australia. Thousands of Australians have already used this new service to get a more affordable home loan, saving money and time along the way.

Here’s How You Do It:

Step 1: Select your State below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

HomeLoansAustralia.com makes it simple to compare a huge range of loans from over 25 leading lenders including ING, St George and Suncorp. This free service gets you access to no-mark up policies and expert advice, so that you can easily review your options and make your choice with confidence.

You also get access to personalised advice from a home loans expert who will help you with the paperwork and negotiate loan terms on your behalf. When it comes to a mortgage, even the tiniest of changes can mean huge savings over the life of your loan. In a game of inches it helps to use everything you can to get ahead.

Finding a better deal on your mortgage is no longer the complicated process it once was. Users love that they can sort everything out in a couple of clicks and a phone call, making it easier than ever to save money. More Australians are using this trusted service each year to make an informed decision on their home loan.

Your current bank may try to convince you that you’re already getting a good deal, but the fastest way to find out the truth is by shopping around. Many Aussies who use the service are surprised to learn how much they can save, and wonder why they didn’t compare sooner.

Just a few minutes of your time could help safeguard you and your family against the rising pressure of an interest rate increase.

Source: Four Corners – Betting On The House

This article is opinion only and should not be taken as financial advice. Check with a financial professional before making any decisions.