Refinancing your home loan has the potential to save you thousands, reduce your monthly repayments and free up your finances to achieve your goals.

As the new year gets underway, it can be the perfect time for many to take a closer look at their finances. To get ahead, one of the most important things you can do is to cut down on your high-interest debts. For homeowners, a clever way to do this is with the help of debt consolidation. Consolidating various debts into your home loan can be a strategic financial move that reduces your interest and allows you to pay the debt down faster. However, there are both advantages and disadvantages that you need to consider.

For most people, their home is their biggest expense and the sooner you can pay down the debt, the better off you’re going to be financially. Fortunately, there are a number of things you can do to cut years off your mortgage.

With the cost of living going up by the day, managing your money can be tricky in the current environment. If you’re trying to save for a deposit or just trying to manage your mortgage repayments, it’s even more important to try and get on track with your savings. Here are a few ways to better manage your money.