Following the recent downturn in the Hunter mining industry, many mining families have turned to FIFO (Fly In Fly Out) work to maintain their lifestyle and financial commitments.
It can be very demanding on both the workers and the families they leave behind. It makes sense to ensure your money is working hard too while you make this sacrifice.
Time back at home after a stint away often involves catching up with family, friends and important jobs that need to be done.
The team at Mortgage Masters Newcastle & Maitland were able to recently save a young FIFO family thousands of dollars and help them restructure their finances to repay a car debt within 2 years – instead of 6 years.
We also had their home re-valued and borrowed and extra $20,000 which paid out a credit card and personal loan. The new home loan was switched from a variable rate loan to a 2 year fixed rate loan – a reduction of .59% Bpts lower. The best part was we didn’t even have to change banks! So it happened quite quickly.
If you feel that your hard earnt money is simply going in and out just like you, flying in and out – then perhaps it is time to talk to the team at Mortgage Masters and let us work with you to create a plan that will maximise the money you are earning and help you and your family get ahead. Talk to the Mortgage Masters team today!
Mortgage Masters are expert mortgage brokers in Newcastle, Maitland and Hunter Valley. Get the best mortgage advice by contacting us today!