Tag archive: repayments
Wondering how to get ahead on your home loan? We look at some things you could do before rates rise.
Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan repayments and reduce your loan balance. Make higher repayments One of the easiest ways to quickly reduce…
Should you refinance for a better deal?
Should you refinance for a better deal? Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But it’s not always the best, or the only, option. There are many different factors borrowers need to consider when thinking about refinancing a loan. The first step…
Accelerated Debt Reduction Technique
When should you not pay money into your Mortgage? Well, of course if you have a mortgage you should meet your minimum commitments at all time. But paying down the biggest debt of your life doesn’t necessarily mean that any spare cash you have should go onto the mortgage, especially if you have other debts….