by hitman_admin | Jun 7, 2023 | Uncategorized
When you’re applying for a home loan, your prospective lender will look at a range of factors in determining your ability to service the loan. One of these is your genuine savings. Banks view genuine savings as a sign that you are a good borrower. Lenders want to see...
by hitman_admin | Jun 7, 2023 | Uncategorized
A redraw facility is a home loan feature attached to your mortgage that gives you the opportunity to make extra repayments on your home loan. This helps reduce interest costs. If you want to reduce your loan amount as quickly as possible, you can place all your excess...
by hitman_admin | Jun 7, 2023 | Uncategorized
An offset account is an account linked to your home loan that operates like a transaction or savings account. It offsets the balance in that account against the balance of your home loan, so you’ll only be charged interest on the difference. Having an offset...
by hitman_admin | Jun 7, 2023 | Uncategorized
Paying off your mortgage early will save you money and take a financial load off your shoulders. Here are some ways to get rid of your mortgage debt faster. Switch to fortnightly payments: Extra repayments on your mortgage can cut your loan by years. Putting...