Financial planner Patricia Howard says homebuyers are having a “very difficult” year ahead.
“We’re really starting to see this happen as homebuyers scramble to reorganize their mortgages,” Ms Howard told Sky News Australia.
“The first thing people should do is call their home lender… and find out exactly what your options are.
What is the lowest interest rate they can offer you at the moment?
“There are some good deals to be made out there if you make that effort.”