Mortgage holders: What to do when your fortune changes

After being at record lows for some time, interest rates may soon be back on the rise with Westpac, Commonwealth Bank, NAB and ANZ increasing their rates for all mortgage holders.

Mortgage holders may find themselves with mortgages that cost more than expected but there are some things you can do to ready yourself when rates rise, such as refinancing, budgeting and insurances.

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Considering refinancing? Talk to Natika at CPS Finance to consider your options.