Episode 109

full
Published on:

25th Jul 2023

The mortgage cliff defence

Facing the prospect of a substantial rate hike? That’s the reality for many mortgage holders who locked in a super-low rate in 2020 or 2021, but it’s never too early to take action.

This week on the Friends With Money podcast, Money's Tom Watson is joined by Josh Brougham, chief product officer at online mortgage broker Finspo, to discuss the fixed-rate mortgage cliff and the action borrowers can take.

  • What is the fixed mortgage cliff?
  • What can borrowers do, and when should they act?
  • How much can people save by avoiding a revert rate?
  • Is locking in another fixed rate worth considering?
  • Which lenders are offering the most competitive loans?

#friendswithmoney #tomwatson #joshbrougham #mortgages

Listen on Apple Podcasts: https://apple.co/3mV0Cbr 

Listen on Google Podcasts: https://bit.ly/3qGfsoL

Listen on Spotify: https://spoti.fi/3fSPI2h   

Website: https://moneymag.com.au   

Email: podcast@moneymag.com.au   

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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.