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Property Finance Uncut: Aussie borrowers hammered again – can rates go any higher?
While the Reserve Bank’s rate hike trajectory is painting a grim horror story for mortgage holders, these experts say there’s strategic ways to beat the financial stress.
As the central bank announces its cash rate decision for November and warns of more rate pain to come, Smart Property Investment's Phil Tarrant and Finni Mortgages chief executive Paul Glossop explain how borrowers can “sharpen the pencil” on their mortgages.
And while inflation will likely continue to be an economic scourge for Aussies, the experts unpack how repricing your existing loan or refinancing with other lenders can help loosen the screws on the household budget.
The duo also urge borrowers to talk to mortgage professionals and enumerate what questions should be asked while they’re on the call to make sure they get the sharpest mortgage rates that fits their needs/situation.
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