Your Financial Wellbeing Checklist

Is your home loan still working for you?

Answer each question by selecting the option that best describes your current situation.

At the end, count how many A's, B's, C's and D's you selected and read your result.

1. How often do you review your home loan and finances?

A. At least once a year with a professional.
B. Every couple of years.
C. Only when my fixed rate expires.
D. I can't remember the last time I reviewed it.

2. Do you know when your current fixed interest rate expires?

A. Yes, and I have a plan for it.
B. I know roughly when it expires.
C. I know it's sometime this year.
D. No idea.

3. How comfortable are you with your current mortgage repayments?

A. Very comfortable.
B. Mostly comfortable, with some pressure occasionally.
C. I'm feeling the squeeze more often than not.
D. I'm struggling to keep up.

4. Do you have an emergency fund available?

A. More than 3 months of expenses saved.
B. Around 1–3 months of expenses saved.
C. Some savings, but less than a month's expenses.
D. No emergency savings.

5. Since taking out your home loan, have your circumstances changed?

A. Yes, and I've already reviewed my lending structure.
B. Yes, but I'm not sure whether my loan still suits me.
C. Yes, and I haven't looked at my lending since.
D. There have been significant changes and I don't know what options I have.

Examples might include income changes, having children, changing jobs, renovations, investment plans, or relationship changes.

6. How much do you know about the structure of your current home loan?

A. I understand it well and know why it's set up that way.
B. I understand most of it.
C. I understand some of it.
D. I don't really know how it's structured.

7. If interest rates changed tomorrow, how prepared would you be?

A. Very prepared.
B. Fairly prepared.
C. It would require some adjustments.
D. It would significantly impact my finances.

8. Do you have clear financial goals for the next 2–5 years?

A. Yes, and my finances are aligned with those goals.
B. Yes, but I'm not sure if my lending supports them.
C. I have some ideas but no clear plan.
D. Not really.

9. Have you explored whether you could save money or pay off your mortgage faster?

A. Yes, recently.
B. I've thought about it but haven't reviewed my options.
C. Not for several years.
D. I've never looked into it.

10. When was the last time you received professional mortgage or financial guidance?

A. Within the last 12 months.
B. Within the last 2–3 years.
C. More than 3 years ago.
D. I've never had a review.

Your Results

Mostly A's – Financially Fit

You're doing a great job staying on top of your finances and home loan.

You appear to have a strong understanding of your lending, healthy financial habits, and a clear plan for the future. Keep up the good work and continue reviewing your position regularly, especially when interest rates, goals, or life circumstances change.

Next step: Schedule a routine annual review to make sure everything remains on track.

Mostly B's – Good Foundations, Room for Improvement

You're generally in a good position, but there may be opportunities you're missing.

Many people in this category have solid financial habits but haven't reviewed their lending recently or aren't sure whether their current structure still aligns with their goals.

Next step: A home loan review could help identify opportunities to improve flexibility, reduce costs, or accelerate your mortgage repayment journey.

Mostly C's – Time for a Check-In

Your finances may benefit from some attention.

You may be feeling increased pressure from repayments, uncertainty around your loan structure, or a lack of clarity around your financial goals. The good news is that small changes can often make a meaningful difference.

Next step: Consider booking a review to explore whether your current lending still suits your circumstances and future plans.

Mostly D's – Let's Get Back on Track

Your results suggest it may be time for a comprehensive review.

Life changes, interest rate movements, and evolving financial goals can all impact whether your lending remains suitable. If you're feeling uncertain or under financial pressure, seeking advice sooner rather than later can help identify options and provide clarity.

Next step: A personalised home loan review could help uncover opportunities to improve your financial wellbeing and create a clearer path forward.