Looking Back: 2012 In Review

The end of the year is a great time to take a step back and see how far we have come financially since the last time Santa came for a visit.

If you are not too sure where to begin, have a look at the following indicators to examine your finances in a beneficial way.

Home loan balance

Have you made a significant dent in your principal home loan debt from 12 months ago? If not, why?

Would a change of mortgage terms help you to take better control of your payments and pay off your home loans more successfully?

A mortgage broker can show you a few options when it comes to taking control of your mortgage payments.

Borrowing capacity

If you are saving for a house, it is important to note that lenders often look for similar indicators when deciding whether or not to grant a loan and choose how much you can borrow.

This ranges from income, to expenses to personal debt. Closing any unused credit cards and consolidating certain debts may help you to boost your lending appeal.

Have a chat with your mortgage broker to find out how you are doing in terms of painting a positive financial picture.

To get more detailed information on your situation, talk to a Loan Market mortgage broker today.