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Financial Happenings Blog
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
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