2016 is here and there is no better time than the new year to do a sense check on your finances.
With interest rates stalling, it provides an opportunity for Australian mortgage holders to review their current personal and commercial loans to ensure that they are in the best position for any future interest rate changes.
Obviously, the first thing to do is test your current interest rate with our interest rate calculator. Start off by inserting your current interest terms as a guide. This should give you some insight into what you are currently paying. If you haven’t re-financed in the last 3-5 years, it would be highly likely that a better interest rate and range of different loan features are available now – which could put you in a better financial position.
Current market conditions mean that finance firms are competing aggressively against one another for their customers; however be warned as banks are using more tactics through different advertising campaigns to hook people in. Your Pacific Finance Account Manager has the experience to ensure that your loan is right for you, putting aside any gimmicks that can come from the Big 4.
So if you’re like most, you’ve started 2016 with a health kick, you’re putting leisure before work and making the most of a work-life balance. We suggest you make 2016 one to remember by putting aside another 5 minutes to look at your finances and let this work for you, not against you.
Happy New Years.