With some economists tipping rate hikes over the next few months, 40 per cent of mortgage holders are already struggling to pay their home loans.

Many homeowners are reducing extra repayments and tapping into redraw or offset funds to cope.

Personal finance expert and partner at Carbon Group, Michelle Maynard joined Oly Peterson on 6PR’s Perth Live to talk all things finance.

Press PLAY to hear Ms Maynard’s expert predictions before the Reserve Bank meet tomorrow