Over the years I have helped hundreds of people manage their finances and find the right home loan.
I’m often asked if there are other options for repaying your mortgage rather than the traditional monthly repayment schedule. There are some lenders who offer a weekly or fortnightly option and this can be great for those of us with a similar pay-cycle.
The added bonus of making more regular payments is that you can potentially save thousands of dollars on interest over the life of your loan!
It’s also worth noting that your original loan won’t be as competitive as it once was so it’s worth scoping the market to see what else is on offer.
Some great reasons to look at a potential refinance:
- To get a better interest rate and lower repayments
- To access potential equity for future investments
- To renovate
- To consolidate debts
- To assist in repaying home loan off earlier
To find a home loan and potentially save thousands, contact us today!
