Mortgage health check

Estimated time: 2 mins

Find out how well you are coping with your mortgage.

 

MHC-creditcardsIs your credit card:

  • 1paid off regularly or you don't have one
  • 10the only way you can make it through to pay day
  • 100maxed out or you are missing repayments

MHC-house-calculatorWhen you think of your mortgage you feel:

  • 1calm and in control
  • 10a bit concerned
  • 100overwhelmed or anxious

MHC-dominosIn the last 12 months you have:

  • 1never missed a mortgage payment
  • 10missed a payment but you are back on track
  • 100missed a mortgage payment more than once

MHC-percentageIf interest rates rise would you:

  • 1make your repayments with no problems
  • 2reach for your credit card more often or cut down on basics
  • 2be unsure how you would cope with higher repayments

Note: A half a per cent interest rate rise would mean $50 extra per month for every $100, 000 you owe

4

Result - You're on Track

You are on top of your mortgage and the future looks OK.

MHC-house-stethoscopeTo keep yourself on track you can:

How well you cope in the future depends on your overall financial situation.

5

Result - You're OK now, future uncertain

It sounds like you are on track now but you are worried about the future

MHC-house-stethoscopeAct now to get things sorted and reduce stress:

How well you cope in the future depends on your overall financial situation.

10

Result - You're feeling under pressure

MHC-house-stethoscopeIt sounds like there are a few pressures on your finances right now - there are things you need to do.

Act now to get things sorted and reduce stress:

How well you cope in the future depends on your overall financial situation.

100

Results - It's time you act now

MHC-house-stethoscopeIt sounds like things are tough for you at the moment. There are things you need to do.

Find out the actions you can take:


Related links

 


Last updated: 05 May 2016