Could your mortgage be working harder? Shelley Palman from enable.me explores split mortgages, revolving credit and strategies for making meaningful progress on your home loan.
Getting Off the Mortgage Hamster Wheel
We’re proud to sponsor the Where’s My Money? podcast with host Reagan White.
In this episode, enable.me’s very own Shelley Palman is back to check in on Reagan White’s mortgage and the systems we’ve put in place to help him make progress.
They unpack how splitting a mortgage into different portions can provide flexibility when it comes time to refix, and how revolving credit can be used to target debt more aggressively. But as Shelley Palman explains, the strategy only works if you have the systems and discipline to support it.
Focus on Progress, Not Just the Interest Rate
Finding a good interest rate matters, but Shelley Palman suggests there can be more value in focusing your energy on reducing the principal itself.
The episode also explores the importance of keeping your mortgage strategy flexible. Life changes, goals change and sometimes your approach needs to change too. Setting a specific target, rather than simply aiming to be mortgage-free one day, can give you something tangible to work towards and make your progress easier to see.
Could You Be Making More Progress on Your Mortgage?
If your mortgage feels like it’s standing still, the right strategy could help you get moving.
An enable.me financial consultation can help you understand where you’re at, identify opportunities to structure your finances differently and build a plan towards becoming mortgage-free.
Watch the Full Episode
Watch the full episode as Reagan White and Shelley Palman talk split mortgages, revolving credit, refixing and the systems that can help turn good intentions into real mortgage progress.
General information only
The information in this article is general in nature and is not intended to be personalised financial advice. It does not take into account your individual circumstances, objectives or financial situation. Before making any financial decisions, including decisions about borrowing or using credit, you should consider whether the information is appropriate for you and seek advice from a qualified financial adviser. While we take care to ensure the information is accurate at the time of publishing, we accept no responsibility for any loss arising from reliance on it.
