1. Paying your Mortgage & Credit Card Debts on Time Paying your mortgage & credit card debts on time can sometimes be extremely challenging if you are currently having cash flow issues. Many people at times pay a week or two weeks late on their credit cards and mortgages. Even though this may not affect your credit rating or result in a credit provider entering into a judgement or default, this may have repercussions down the track.

2. The way that such payment patterns can cause various challenges is when you need to restructure or refinance. This is very important when you are currently at a 2nd or 3rd tier specialised lender and you want to refinance with a mainstream lender at a lower rate.

3. When a lender is looking at refinancing, the first thing that they focus on is the applicant or individual’s intent or the ability to maintain their financial commitments. Even making payments one or two days late, can result in many lenders not accepting the refinance proposal or deeming the credit proposal as not meeting their lending guidelines.

4. We see this in many cases when people are required to refinance not only from one main institution to another or to refinance at a lower rate may result in applicant’s refinancing with a high rate. This in turn over time, results in costing the applicant thousands of dollars.

5. Ensure that all your payments are made on time – be sure about it this so that when you need financial assistance in whatever shape or form, in can be done without pain or restrictions. • You can visit us at http://www.hopesupportsolutions.com.au • Or feel free to contact us +6103 8696 6300

6. If challenging times are with you or perhaps you are relaxed in making payments on time as scheduled by your home loan & credit card provider, make sure that becomes a priority & a part of your financial management. • Late payments, even one day would cause you grief and hardship in cases where you need to refinance for whatever reason.