Check your home loans health

Many Australians busily spend months getting their waistlines in shape for summer, so why not spend some of that time getting your home loan into shape as well?

We have compiled these tips to help you have a happy and relaxed approach to your home loan over the long term:

1. Reassess your personal budget

Think about daily, weekly, monthly and annual costs you can remove, even seemingly insignificant costs such as takeaway coffee and snacks. Track your expenses for a few weeks. You may be shocked at where you money goes – and how quickly! Use our finance calculators, such as the budgeting calculator for a better understanding on where you spend your money and where you can make savings.

2. Review your loans, credit cards and other debt

Speak to our mortgage broker to determine whether there are ways you can pay off your home loan, personal loans and credit cards sooner, or in a savvier manner. We can also help with a debt consolidation loan.

3. Less really can be more

Are you in a job that doesn't pay you what you are worth? Could you get one with better rewards? Are you driving a car when you could walk or catch public transport? Do you neglect to maintain your car and end up consuming more fuel? Take charge of your needs, wants and spending patterns.

4. Get a free home loan health check

The Australian mortgage market changes regularly. There is still competition for your home loan out there! You may be surprised at the different choices available to you such as a home loan that is more suited to your budget and needs, and potentially at a lower cost.

Contact one of the mortgage brokers at Intellichoice to book a home loan health check today by calling 1300 55 10 45.