With interest rates as low as they are, it may be the right time to look at buying your first home; or if you have a younger family, it may even be time to think about upgrading to a larger family home. With the average Australian diving more into debt than ever before to achieve this, it becomes even more important to understand the following:
- Can I meet my financial obligations if unable to work?
- Can I continue my lifestyle should interest rates rise?
Having a well-structured mortgage that has been set up by an independent broker is your first step to surety around this. Personal insurance cover, in-particular income protection is the other safeguard to ensure you’re reducing risk where possible.
At ActOn Wealth we provide our clients with the clarity they need when making such large financial decisions.
If you are looking at buying a home, give us a call to discuss these important questions.