Say GOOD BYE to your home loan faster!
We recommend you call and speak with us regarding your goals before taking action on the steps below!
We have collated 15 steps on how to repay your home loan and own your home sooner!
1) Pay your first installment as soon as you settle
2) Review your loan AT LEAST every two years! This is where we can assist! We will search the market and negotiate a cheaper rate with greater flexibility.
3) Set up a mortgage offset account for your savings AND understand how to use it wisely
4) Split your loan – fix a portion and leave the rest variable for flexibility
5) Avoid redrawing money off your mortgage at all costs
6) Don’t lower your minimum regular repayment if interest rates fall
7) Set higher than minimum repayments
8) Make lump sum repayments or regular mini lump sum repayments
9) Pay your loan fortnightly rather than monthly
10) Set yourself a budget, and stick to it! This will help reduce any unnecessary spending
11) Pay loan fees up front
12) Align your repayments with your income cycle
13) Make extra payments as often as you can – preferably set up an auto payment to do this!
Use our extra repayment calculator to see the difference additional payments can make.
14) Talk to us about loans that offer features without a charge
15) Check your loan fees and negotiate where possible
We don’t just help you get into a mortgage, we help you get out of one too!