In this week's Q&A, we will answer a question from one of our viewers.

"How can I further reduce my monthly mortgage payments?"

You can consider several options to reduce your monthly mortgage payments. One is refinancing to secure a lower interest rate or extending the loan term for more manageable payments spread over a longer period.

However, it's important to be mindful that adjustable-rate mortgages may offer initial relief but could result in potential interest rate hikes later on. Therefore, it's crucial to carefully evaluate the long-term impact of each option and consider consulting with a financial advisor or mortgage professional to determine the best course of action based on your circumstances.

If you need clarification on your situation or would like to book a Complimentary Meeting with Dr Andrew Unterweger, please complete the form on the link below:

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Alternatively, if you would like to ASK A QUESTION for our weekly Q&A feel free to do so on this link ➡️ https://thewiseguru.com/contact/



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