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Property Finance Uncut: RBA serves up first 2023 rate hike – Stop overpaying on your mortgage
With the RBA serving up a 25-basis-point rate hike in February, can borrowers continue to hold the line? While the going is getting tough for property investors, these experts say it’s time to take control of their mortgage.
With the RBA set to continue its fiscal policy tightening in 2023, Smart Property Investment’s Phil Tarrant and Finni Mortgage’s chief executive Paul Glossop look at the possibilities in front of investors to ‘finetune’ their mortgages.
As the financial landscape rapidly changes, the pair also unpacks how lenders are becoming more competitive with their offerings, sharing some of the strategies that are available to mortgageholders.
The duo also underlines the importance of being proactive in optimising their financial position as the RBA’s rate rise cycle continues in the coming months.
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