{"id":5241,"date":"2023-04-27T09:24:28","date_gmt":"2023-04-26T23:24:28","guid":{"rendered":"https:\/\/financialplus.com.au\/?p=5241"},"modified":"2023-04-27T09:24:28","modified_gmt":"2023-04-26T23:24:28","slug":"tips-to-help-stay-on-top-amidst-the-rate-hike-cycle","status":"publish","type":"post","link":"https:\/\/financialplus.com.au\/tips-to-help-stay-on-top-amidst-the-rate-hike-cycle\/","title":{"rendered":"Tips to help stay on top amidst the rate hike cycle"},"content":{"rendered":"
With every RBA rate rise announcement, mortgage holders brace themselves for impending repayment increases. Here\u2019s how to stay on top of your mortgage and feel financially secure.<\/strong><\/p>\n
Let\u2019s face it, the RBA\u2019s rate rise cycle hasn\u2019t been easy for mortgage holders, with average monthly repayments now hundreds of dollars (and in some cases, thousands of dollars) more expensive than they were a year ago.<\/p>\n
Pair this with the rising cost of living and many Australians are eager to bolster their finances to weather the storm, especially as there are one or two more rate rises predicted to come.<\/p>\n
But rest assured, there are things you can do to help manage your mortgage and stay on top of your finances.<\/p>\n
1. Review your loan<\/h3>\n
Regularly reviewing your loan can help you assess whether it\u2019s best suited to your current situation.<\/p>\n
You may be able to access features that may benefit you such as an offset account. And even get a better interest rate.<\/p>\n