Refinance To Tackle Holiday Debt
In the post-Christmas period, some of us may be feeling the effects of overindulgence of one type or another.
Believe it or not, a mortgage calculator might be just what the doctor ordered.
Hangovers come in many forms. While many among us may have indulged in too much Christmas cake or a few too many celebratory drinks, others may be feeling a different sort of hardship - the debt caused by holiday spending.
It can be easy to get a bit carried away with gift buying. It’s also great to be able to have friends and family over for a big meal. And who doesn’t enjoy going away over the holiday period?
For all of these reasons, debt incurred over the end-of-year period can be a challenging reality come January.
If that debt is the high interest credit card sort, paying it off quickly should be a priority.
If you don’t have the cashflow to pay it off with haste, you might be able to refinance your debt at a lower rate.
A home loan repayment calculator can give you an idea of how different interest rates or loan terms will impact your cashflow.
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.