Top 15 ways to OWN your home sooner
- Pay the first home loan instalment as soon as you settle
- Review your loan at least every two years and negotiate a cheaper rate with good flexibility
- Ensure you use a mortgage offset account for your savings and understand how to use it wisely
- Split your loan - fix a portion and leave the rest variable for flexibility
- Avoid redrawing money off yoru mortgage at all costs
- Don’t lower your minimum regular payment if interest rates fall
- Set higher repayments
- Make lump sum repayments or regular mini lump sum repayments
- Pay your loan fortnightly rather than monthly
- Set a budget and reduce any unnecessary spending
- Pay loan fees up front
- Align your repayments with your income cycle
- Make extra payments as often as you can - preferably set up an auto payment to do this
- Talk to us about loans that offer features without a charge
- Check your loan fees and negotiate where possible
And lastly, call the office to speak to us!
