Financial planner Patricia Howard says home buyers are in for a “very tough” year ahead.
“We’re starting to see this play out in reality where home buyers are scrambling to reorganise their home loans,” Ms Howard told Englishheadline Australia.
“The first thing people should do is contact their home lender … and just see exactly what your options are.
“What’s 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.”