Another solution could be loan restructuring. This involves changing the terms of your loan to make the payments more manageable. For example, you could extend the repayment period to reduce the amount you pay each month. Or you could switch from a variable rate to a fixed rate to make your payments more predictable. Our team will work with you and your lender to negotiate a loan restructuring that fits your financial needs.
In some cases, the best solution might be to find a more affordable property. If your current property is proving too costly, it might make sense to sell it and invest in a less expensive property that still meets your needs. Our team can help you assess the market, identify potential properties, and navigate the selling and buying process.
At Madd Commercial, we understand that every investor’s situation is unique. That’s why we take the time to understand your financial situation, your investment goals, and your concerns. Based on this, we’ll develop a personalised plan to help you reduce your payments and improve your financial health.
But our support doesn’t end there. We’ll continue to provide guidance and advice as you implement your plan, and we’ll regularly review your situation to ensure that your payments remain manageable. We’re committed to helping you maintain a healthy financial position so that you can continue to grow your property portfolio and achieve your investment goals.