Mortgage Review Checklist | Briana McDonagh

My fixed rate is coming up for refix in the next 3 months

Refix time is the most important moment to review your mortgage. You are not locked in with your current lender — it is worth comparing what is available before you just accept whatever rate they offer.

I have not had a mortgage review in the past 12 months

The market moves. What was the right rate and structure a year ago may not be the best option today. A regular check-in makes sure your mortgage stays competitive.

My income has increased since I set up my mortgage

A higher income means you may be able to make larger repayments, access a better rate tier, or restructure your loan to pay it down faster. It also changes your borrowing capacity if you are thinking about another property.

I have had a significant life change recently

A new job, relationship change, new baby, divorce, or inheritance can all affect what the right mortgage structure looks like. What worked before may not be the right fit now.

My goals have changed since I took out my mortgage

Maybe you are thinking about buying an investment property, renovating, or paying off your loan faster than originally planned. Your mortgage structure should reflect where you are headed — not where you were.

I have accumulated new debt since setting up my mortgage

Credit cards, car loans, personal loans, or Buy Now Pay Later can all affect your overall financial position. In some cases it makes sense to consolidate these into your mortgage — but only with the right structure and term.

I am thinking about accessing my equity

Whether it is for renovations, an investment property, a vehicle, or something else — if you have built up equity in your home, now might be a good time to understand what is available and how to access it.

I am not sure my current loan structure is right for me

Fixed, floating, split, revolving credit — the right structure depends on your life, your income, and your goals. If you are not confident your setup is working hard for you, that alone is reason enough for a review.

This tool is for general guidance only. Results are based on your self-reported answers and do not constitute financial advice. For a proper assessment of your mortgage, get in touch with Briana McDonagh.

Is it time for a mortgage review?