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

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.
<ul>
<li>What is the fixed mortgage cliff?</li>
<li>What can borrowers do, and when should they act?</li>
<li>How much can people save by avoiding a revert rate?</li>
<li>Is locking in another fixed rate worth considering?</li>
<li>Which lenders are offering the most competitive loans?</li>
</ul>
#friendswithmoney #tomwatson #joshbrougham #mortgages
Listen on Apple Podcasts: <a href="https://apple.co/3mV0Cbr" data-ogsc="">https://apple.co/3mV0Cbr</a> 
Listen on Google Podcasts: <a href="https://bit.ly/3qGfsoL" data-ogsc="">https://bit.ly/3qGfsoL</a>
Listen on Spotify: <a href="https://spoti.fi/3fSPI2h" data-ogsc="">https://spoti.fi/3fSPI2h</a>   
Website: <a href="https://moneymag.com.au" data-ogsc="">https://moneymag.com.au</a>   
Email: <a href="mailto:podcast@moneymag.com.au" data-ogsc="">podcast@moneymag.com.au</a>

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinions has allowed Money Magazine to become Australia’s longest-running and most-read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Money's Senior writer, Tom Watson, and Editor-in-Chief, Michelle Baltazar, chat weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape. 

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinions has allowed Money Magazine to become Australia&rsquo;s longest-running and most-read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Money's Senior writer, Tom Watson, and Editor-in-Chief, Michelle Baltazar, chat weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.&nbsp;

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future.

Friends With Money

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinion has allowed Money Magazine to become Australia’s longest running and most read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Managing editor Julia Newbould chats weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.

We all have questions about the money we earn, how we spend it and the best ways to approach investing it now and for our future. Having an extensive network of professional finance voices with honest, credible opinion has allowed Money Magazine to become Australia&rsquo;s longest running and most read personal finance magazine, presenting easy to understand financial news, advice and reviews for its audience. Managing editor Julia Newbould chats weekly with a variety of experienced guests to explore the art of financial literacy and resilience in the modern money landscape.

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