The secret to financial security is making your money work for you.

Here are some tips to obtain financial security:

■ Evaluate – review your current financial position comparing your total income against all outgoings. If you find there is a possibility of a surplus, no matter how small, but the extra money onto your mortgage. You will be surprised how much a few dollars at the start of a loan will save you by the end of its term.

■ Budget – recording your day to day expenses is the key to financial control. By using your cash flow more effectively you can reduce your current commitments. Look for any placce you are spending money needlessly or wastfully and get that under control.

■ Plan – set your future personal and financial goals. This will give you an incentive to succeed. How much savings and assets do you intend to have in one year, five, ten, and for retirement?

■ Select – choose a loan that offers features and benefits that match your individual lending needs, not just now but into the future. This will assist you to repay your loan sooner. This is where you should speak to a professional mortgage broker. Getting into a loan that suits your own personal needs in terms of repayments, loan size, structure and so on are key.

■ Refinance – decide whether your existing financial arrangements still suit your current circumstances. If your current loans or credit card debts are not providing you with the desired results and you are paying too much, consider refinancing or consolidating your debts to achieve a financial benefit.

These days, there are a wide range of finance products from many different lenders available. Finding the right loan may greatly reduce your loan term, interest payments or repayments enabling you to obtain greater financial security.

Amazingly the amount of money a lender will offer you differs wildly from institution to institution given the same circumstances. Each lender uses a different formula based on your circumstances to determine how much of a risk they consider you to be, and ultimately, how much they are willing to lend to you.

For example, based on a couple applying for a loan with $65,000 combined income, 2 vehicles, one child, a $5,000 credit card facility and a 30yr term of borrowing, different lenders will lend the following;

As you can see, the amounts vary by a great deal. Depending on where the couple are to take out their loan, they may be able to borrow anywhere between $212,961, and $347,745. The figures given are based on actual amounts lenders may loan. Your own personal circumstances would have to be taken into consideration when selecting which mortgage is right for you, and exactly how much you may be able to borrow.

A good mortgage broker will be able to guide you to your best options for a loan that will suit your individual needs, while getting for you the best interest rate available combined with the best terms for your needs.

Only an experienced broker, like Mrs. Mortgage, who has enough experience and knows the market place well will be able to give you the service you deserve. Most people will purchase just three houses in their life time. It is important that you get the whole deal right.

Mrs. Mortgage is committed to you, because she works for you, not for the bank.

Give Mrs. Mortgage a call and find out for yourself.