You’ve protected your income. Now comes the long slog – living on less than you earn and using the difference to save for retirement and pay off your mortgage.
Keep your mortgage payments below 25% to 30% of your earnings. Any higher and your ability to keep paying will be at risk if interest rates go back up to their historic levels.
Don't pay off the mortgage before you pay off higher interest debt such as credit cards, credit sales (formerly known as HP), and car loans.
No matter what your interest rate is, the bank will still make a good profit.
We can make sure you are getting the best deal across all the banks.