.svg "page-1 (5)")
.svg)
.svg)
.svg)
.svg)
CLOSE
.svg)
Welcome back everyone. In the sixth and final part of my blog series, I want to discuss something that affects all of our financial journeys: Superannuation. Perhaps you’re concerned about your retirement savings? Or maybe uncertain about how to make the most .....
Lending - 4 min read
Homeowners have several options when it comes to mortgages, but most end up choosing fixed mortgage rates. And for good reason. The straightforward terms and predictable payments suit most households well.
In this post, we’ll look at the advantages of fixed mortgage rates for homeowners. By understanding this option, you can make an informed decision for your next home purchase.
Before we delve into the advantages, however, let’s define our terms.
A fixed-rate mortgage is a home loan with a stable monthly payment. Your payment won’t rise and fall depending on fluctuating market conditions or interest rates. Your lender will lock in an interest rate for you, and that’s the rate you’ll stick with for the duration of the fixed term.
As you shop around for mortgages, you’ll find other options as well, such as variable and adjustable-rate loans. The loan you choose should fit your lifestyle, budgetary needs and plans for the future.
Households must monitor their cash flow just as businesses do, managing the inflows and outflows as they meet daily, weekly and monthly needs. For many people, the home mortgage is the most considerable household expense. When your monthly mortgage payment stays consistent year in and year out, it’s much easier to manage your cash flow.
Since your payments must be paid at the same time each month, it’s simple to time your inflows and outflows. Household expenses easily fall into a predictable rhythm when the highest cost never changes.
Most successful households run on well-crafted budgets. With a budget, you know where your money goes each month, and you can plan for the future with ease.
Fixed-rate mortgages assist with budgeting by giving you a straightforward payment schedule for the duration of your fixed term. Some line items on your budget will vary considerably. Transport expenses, for example, can vary quite a lot depending on car maintenance, travel, and so forth. With a fixed-rate mortgage, your housing expenses will remain constant.
Regular visits with your financial adviser help you to set realistic, achievable goals. Just as important, you’ll be able to check up on your goals, reevaluate when necessary and make adjustments along the way. To set up a consultation, reach out to us at Altus. Let’s work together to bring you home.
Set your business on the right path with this simple guide.
Make sure you’re on the right track with this online checklist.
Lending - 7 min read
Lending - 6 min read
Lending - 7 min read
Wealth, Lending, Refinancing - 4 min read
© 2022 Altus Financial, All rights reserved.
Altus Wealth Pty Limited ABN 55 649 956 212 is an Authorised Representative of Altus Financial Services Pty Ltd ABN 24 637 026 825 an Australian Financial Services Licensee (AFSL no. 520266). Altus Financial Services Pty Ltd is not responsible for the advice, products and services provided by Altus Accounting. Julie Azzi is a credit representative (CR No. 366834) of BLSSA Pty Ltd ABN 69 117 651 760 (Australian Credit Licence 391237).
.svg)
.svg "page-1 (4)")