Getting the Most Out of Your Home Loan Archives

Loan Repayment Holiday

April 1, 2020 by Paul Gilhooly Leave a Comment

Is it for You? Given the current situation with COVID-19 I have received a number of enquiries about a loan repayment holiday. Particularly how it works and whether it is a good idea or not. Most banks and lenders are offering a loan repayment holiday to clients who they deem are in need. How does […]

How to cut 5-7 years off your home loan

February 7, 2019 by Paul Gilhooly Leave a Comment

Easy, start with a shorter loan term I’ve written extensively on various methods of paying your home loan off quicker, saving yourself tens of thousands dollars and shortening your loan term. The incentive is huge given the large amounts of money you can save on loan interest. The high cost of your home loan is […]

Line of Credit home loan

February 7, 2019 by Paul Gilhooly Leave a Comment

How to escape the endless debt trap A line of credit is a home loan that allows you to access the equity in your home. It’s like having a large bank account that you can take money out of, put back in and take out again and again. The bank will require you to pay […]

Give yourself a pay rise

August 1, 2018 by Paul Gilhooly Leave a Comment

Saving money on your home loan is easier than begging your boss for a pay rise. When was the last time you asked your boss for a pay rise? Did you even dare to do so? Was the answer yes, no, or even worse ‘let me think about it and I’ll get back to you’….never. […]

Home Owner tips to save interest

May 23, 2018 by Paul Gilhooly Leave a Comment

For the Home Owner-Tips to get ahead and save interest As I’m sure you’re aware, increasing repayments on your home loan, no matter how small an amount will help save interest and pay off your loan sooner. If you’re thinking ‘yes Paul I know that, I’ve heard it a gazillion times but where do I get […]