Pay the first home loan instalment as soon as you settle
Review your loan at least every two years and negotiate a cheaper rate with good flexibility
Ensure you use a mortgage offset account for your savings and understand how to use it wisely
Split your loan – fix a portion and leave the rest variable for flexibility
Avoid redrawing money off yoru mortgage at all costs
Don’t lower your minimum regular payment if interest rates fall
Set higher repayments
Make lump sum repayments or regular mini lump sum repayments
Pay your loan fortnightly rather than monthly
Set a budget and reduce any unnecessary spending
Pay loan fees up front
Align your repayments with your income cycle
Make extra payments as often as you can – preferably set up an auto payment to do this
Talk to us about loans that offer features without a charge
Check your loan fees and negotiate where possible
And lastly, call the office to speak to us!
