I often get asked how important is it to plan ahead for changes to interest rates.
I was recently featured in the NZ Adviser guest article where I answered the question on being prepared for change of interest rates.
I always recommend clients plan ahead for interest rates to rise even if they never to. This is important to ensure they have enough wiggle room and can continue to meet payments in the event of rates increasing.
From the article
“The environment also makes some people feel that they can do something now where they haven’t been able to in the past,” she added. “But I always talk about what would happen if rates did go up by 0.5%, or by 1%, and being able to plan for that. I have experienced that scenario, and it can be quite painful if you’re not prepared.”
To read the rest of the article follow this link to visit NZ Adviser website.
