How mortgage cost averaging will help you build a thriving property portfolio
I had an early morning review with one of my clients who was a little stressed. They were stressed that mortgages seemed to be going up and up and they’d have problems paying the mortgage if it didn’t stop soon. Logically, everyone knows that interest rates go up as well as down but it’s cold comfort during periods when all they do is go up.
Interest rates work in a cycle. They go up and up and then come down and down. Then up and up. Then down and down. So it’s natural that our perception of what they’re doing is more rooted in emotion than cold logic.
So my question to you is this: what can we do to smooth things out regardless of the market or cycle?
There are actually two things we can do that might help, and I’ll explain both of them on the other side: How mortgage cost averaging will help you build a thriving property portfolio…
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