Start by conducting a detailed review of your budget. Analyse your income, expenses, and debts to identify areas where adjustments can be made to allow for higher repayments. Look for opportunities to cut back on discretionary spending or make lifestyle adjustments that will free up additional funds to help with your mortgage repayments.

Reach out to your lender to discuss securing a lower interest rate. If you are transitioning from a fixed-rate period, you may be facing a variable interest rate that's higher than what your lender offers to new borrowers. This is where a mortgage broker can help negotiate a different rate with your current lender, if possible.

If your current lender is unwilling to provide a competitive interest rate, refinancing with a different lender might be an option.  Refinancing can not only lead to better interest rates but may also allow you to consolidate debts or access equity in your home at the same time.

Making additional repayments on your mortgage can significantly help you in the long run – if you have the scope and spare income. By reducing your principal, you'll lower the amount of interest charged on your home loan. By paying off your loan faster you will be less susceptible to future rate hikes.

While it may not be the preferred option for everyone, extending the loan term can reduce your monthly payments. However, it's important to understand that this also means paying more interest over the lifespan of your loan. This can be a good short-term solution.

Consider features that can reduce the amount of interest you pay on your home loan like an offset account or redraw facility. These features enable you to use surplus funds or savings to offset your mortgage balance.

Fixing your home loan can be a strategic move to manage rising interest rates. By locking in a fixed rate, you shield yourself from the risk of further rate hikes, providing stability and potentially saving money on your mortgage repayments.