Do you have mortgage plans? Know the new credit rules

Working towards homeownership? Or perhaps, you’re looking to use your mortgage towards a reno, or another financial goal?

New consumer credit rules are coming into effect on 1 December 2021, which may or may not affect your plans to top-up your mortgage, or to get a new one. Read on for a handy guide on some key things to know.

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Chanelle Cortland
Setting goals for your financial life

Financial Goals are often about saving or paying off debt. Clearing high interest debts like  credit cards or hire purchase could be paid off first and as soon as possible. Then look at saving for an emergency fund, increase mortgage payments and pay the loan off quicker. Think about a retirement fund, save a small amount weekly which can add up over time…

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Chanelle Cortland