We explore the different components of mortgage structure, starting with the impact of interest rates on your repayments. We also introduce the concept of interest rate averaging, a strategy that can help you balance your payments and potentially reduce your overall interest burden. Whether you’re a first-time homebuyer or refinancing, this video will provide valuable insights into structuring your mortgage for better financial outcomes.
Understanding your mortgage structure is key to managing your finances and reducing long-term costs. In this video, we dive into the factors that impact your mortgage structure, including interest rates and strategies like interest rate averaging. Knowing how to optimise your mortgage setup can save you money and give you more control over your financial future.
Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact an adviser from mortgagehq.
