When we first take out a mortgage, most of us are pretty young and carefree. The majority of us have few financial commitments and no idea about regular payments. In some ways, this is great. It usually means we have plenty of money in the bank and a fresh slate on which to build mortgage agreements.

The only trouble is, over the years, that situation can change in some drastic ways. When we have kids, for instance, our monthly outgoings change beyond recognition. Not to mention the fact that we need to put money aside for our children’s financial futures from that point on. And, then there’s the fact that our job positions and salaries change over the years, too.

When you add all this together, it should come as no surprise that the majority of us struggle with mortgage payments at some stage. Many of us even get ourselves into debt for this exact reason. In truth, though, there’s no need to struggle on with a mortgage plan you committed to in your twenties. Instead, consider the following ways you can ease the burden over the years.


Perhaps your best bet here would be to remortgage. This has the benefit of rolling over the mortgage payments you’ve already made. Rather than starting again, it enables you to take your current mortgage to a different lender. That could see you changing your monthly rates, or opting for a better all around deal. This is like a refresher if you will, and it ensures you can seek a mortgage which suits your needs as they stand. Thus, remortgaging reduces your risks of missing payments. It also takes a great weight off your shoulders. You could say it’s an effort worth making.

Consider a fast sale

If every month is a struggle, it may be worth considering a fast sale using companies like SellHouseFast. This is about the fastest way to rid of yourself of that mortgage agreement. It then leaves you free to either seek a cheaper mortgage or save up money while renting. Either way, this is a fantastic way to ease yourself of that repayment burden as soon as possible. It’s certainly a better option than defaulting on payments and having to deal with the charges. And, though it may not seem ideal at the time, this could be you and your family’s best chance at a secure financial future.

Make up the money

If you don’t want to sell or recommit, you may be best off merely finding ways to make up your finances. If the money you earn at the moment is tied up elsewhere, use sidelines to meet your mortgage payments. Something like online selling or blogging could work well here. Either way, putting in an effort here ensures you can keep hold of your family home for a long time to come. Get into a regular habit here. This alone could be enough to see you through for the duration of any fixed-term mortgage.

Greg Kononenko
Greg Kononenko

My name is Greg Kononenko and I am a full-time online blogger and owner of Dad's Hustle. I'm a dad, and my passion is to help other mums and dads to start their own "hustle" and improve the financial future of their families.

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