DWI CPD Test: How To Save Money On Your Mortgage As A Dentist

1. What is one of the best ways to save money on your mortgage?

Ignore your mortgage statements

Increase your monthly payments

Get a lower interest rate

Apply for a new credit card

2. Why should dentists review their mortgage regularly?

Rates and deals can change over time

It helps attract new patients

It reduces electricity bills

Itâ€™s required by the GDC

3. What does â€œremortgagingâ€ mean?

Selling your practice

Buying a second house

Switching to a new mortgage deal

Ignoring your lender

4. Why might a dentist pay more than necessary on their mortgage?

Using an accountant

Staying on a lenderâ€™s standard variable rate

Paying council tax

Having too many patients

5. What does overpaying on your mortgage do?

Reduces your homeâ€™s value

Adds more fees

Increases your balance

Shortens your loan term and reduces total interest