Revolving credit is one of those gems that advisers like us pull out to look intelligent. It’s not for everyone, but to my mind revolving credit rocks!
The rationale for this is to avoid having your entire mortgage mature at the same time. By staggering your mortgage across multiple fixed-rate terms, you reduce your exposure to steep mortgage rate hikes later on
My preferred fixed term remains one-year fixed at 5.39% or 18 months at 5.79% – and probably splitting the mortgage between both to give two bites of the cherry.
Successful people understand cash flow. I’ve been talking to lots of people this week about cash flow so thought I’d share a few practical thoughts
You know the fun is starting when JB is compelled to write a post about mortgagee sales!
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