Your mid-year mortgage check-up: 5 questions to ask yourself

Beach holidays and summer BBQs seem a distant memory now and suddenly we're half-way through the year. So, chances are it's been 6 months since you made financial plans or goals, and some may have fallen by the wayside.

What were your financial goals for this year? Did you want to review your interest rates? Pay off your credit cards/reduce your short-term debt? Make a plan to pay off your mortgage faster?

How much have you managed to achieve so far this year? If it's not as much as you had planned, don't let yourself get disheartened, there is still plenty of time to get back on track.

Winter is here and the busy holiday season is over so there is actually no better time than now to review your finances or even set some new goals! After all, goal setting doesn't have to be at certain times of the year, it should be any time you feel motivated.

5 questions to ask yourself to ensure you're on track…

  • Do you know exactly how much short term debt and mortgage you have?
  • What about the interest rates and when they expire, do you know those?
  • How long will it take you to pay off your mortgage and /or your debts?
  • Have you got plans for renovations, family holiday or are you in need a of new car and you don't know how you're going to fund it?
  • Are you finding you just don't have enough money at the end of every week?

If you are unsure of any of the answers it could be a sign that you are not financially on track. It might be a good time to contact one of our advisers to put a plan together, or get your plans put into action. 6 months left in the year – don't count the days, make the days count!


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