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

It’s required by the GDC

3. What does “remortgaging” 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 lender’s standard variable rate

Paying council tax

Having too many patients

5. What does overpaying on your mortgage do?

Reduces your home’s value

Adds more fees

Increases your balance

Shortens your loan term and reduces total interest