Financial Advisor - Brisbane - Australia - A Clear Direction Financial Planning

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Advancing your home loan

Monday, April 29 2013

Paying more than the minimum on your mortgage from the first year saves interest for the life of the loan - much like nstarting a regular saving or investing program.

Scott Francis in his latest Eureka Report article - Advancing your home loan - takes you through 3 key benefits to be gained from paying more down on your home loan

You reduce the amount of your loan by the extra repayment.
Every future repayment becomes more effective.
You reduce the overall riskiness of your financial position by being ahead in your loan repayments.

Take a look at Scott's article for more details. Well worth a read.

Posted by: AT 07:58 pm | Permalink | Email

4 Steps to Switching Home Loans and Mortgage Switch Calculator

Wednesday, December 29 2010

Earlier this month ASIC launched an online calculator to assist mortgage holders work out whether it is in their interest to switch loans - Mortgage Switch Calculator

ASIC also suggest 4 steps to switching a home loan on their website - Switching Home Loans

Both resources are well worth a look for those considering moving to a new provider.

Regards,
Scott Keefer

Posted by: AT 08:12 am | Permalink | Email

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