News and Media
24 January 2012
How to halve your mortgage
It might be fashionable to use your mortgage like a revolving line of credit but if you’re serious about paying it off as quickly as possible. This month, Your Money Magazine provide six strategies that will shave years and thousands of dollars off your home loan.
- Find the right loan in the first place.
- Change your repayment frequency.
- Pay more and pay early.
- Make the most of redraw and offset accounts.
- Resist generous offers.
- Refinance for a better deal.