Mortgage Relief Strategies
As a financial planner, I've seen how tough it can be for many Kiwis to manage their mortgage payments lately. Here are some practical tips that can help, and remember, I'm here to guide you through each step.
Firstly, consider switching to interest-only payments on your mortgage. This reduces your monthly outgo significantly, freeing up cash for other needs. It’s a good short-term solution, and I can help you weigh the pros and cons.
Bringing in a flatmate to rent out a spare room can also ease financial pressure. Not only does it help cover the mortgage, but it cuts down other living costs too. I can assist in setting this up in a way that maximizes your income and maintains your privacy.
Picking up extra shifts at work or a part-time job can supplement your income significantly. Together, we can look at how this fits into your broader financial picture.
Lastly, consider renting out your larger home and moving to a smaller place. This strategy can turn your biggest expense into your biggest income source. I’ll help you crunch the numbers to see if this makes sense for you.
Working with a financial planner like me not only helps you stay on top of your payments but also ensures you're making the best financial decisions for the long term. Let’s tackle these challenges together.
Call, Text or E-Mail to discuss:
Julia@brokerintel.net
020 41560804