Home Loan Review When was the last time that you did a home loan review? If it’s more than three years ago, it’s worth a look. If it’s more than five years ago, definitely. If it’s more than eight years ago, absolutely. Why take the trouble? Quite simply, things change and home and investment property […]
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Home Loan Redraw or Offset
Which is best a home loan redraw or offset account? Always an interesting question. The answer depends on how you want to run your home loan and associated cashflow and additional repayments. The specifics of a home loan redraw or offset account are as follows, Redraw-Most variable rate home loans and some fixed rate loans […]
Cut your Loan Term in Half
Fortnightly Loan Payments
Fortnightly loan payments pay off loan faster? A question I am often asked is whether fortnightly loan payments will help pay off your home loan faster. The answer is…it depends. It depends on how your bank or lender calculates your fortnightly loan payments. Yes there are two ways of calculating the payment. One will accelerate the repayment […]