A loan health check can look at a number of variables for you such as the types of loans you have, the payment structure, and the interest rates.

1. Benefit from a Loan Health Check
© The Mortgage Gallery Rockingham

2. When you signed your loan documents, did you sign up for the loan that was right for you?
Chances are that it was the right option at that time but things may have changed. Why not look
at your existing loans to see if they are still right for you or not. There may be better options
available right now.
Low interest rates have been all over the place lately. Is it time for a loan health check with all of
the interest rate changes? It never hurts to stop and take a detailed look at your financial
situation. You might be surprised at a few tweaks that could help you in many ways.
A loan health check can look at a number of variables for you such as the types of loans you
have, the payment structure, and the interest rates.
Here at The Mortgage Gallery Rockingham, home loan and personal loan health checks are
something we are happy to do. By looking at your current loans and looking at opportunities for
lower interest rates you could do a few different things:
 Lower your interest rate on big loans such as a mortgage and save money overall.
 Take out a new loan to pay off some debts with a lower interest rate
 Debt consolidation with a lower interest rate is an option to save money and maybe even
lower your monthly payments
 Keep your monthly payment amounts the same but lowering the interest rate can mean
getting debt free sooner.
Now might be a good time to take out a loan for home improvements. It might also be a good
time to switch from a variable mortgage to a fixed rate mortgage. By doing a loan health check,
you can look at what you are paying in payments and in interest today and you can also take a
look at various options that could help you save money on interest/fees, give you some relief
from high payments, and/or help yourself get out of debt sooner.
We deal with a number of different lenders and it’s a common practice to do a loan health
check. There are people who have had a change in their financial circumstances (positive or
negative) so a consultation must be done for them to know if the kind of loan they had before is
still working for them. If you are from Perth, Rockingham, Cockburn, and neighbouring area,
meet with us to discuss your options. Save a lot of money in the process. Talk to us, now!
© The Mortgage Gallery Rockingham