Tips that Will Help You Slash Your Mortgage Payments

Hi all. Found an excellent article that I am sure many will relate to. Hope you get something useful out of this...

Your mortgage is one of the biggest financial commitments you’ll ever make—and it’s one that will last years.

Ill-informed decisions can easily cost you hundreds of thousands of dollars over the lifespan of your home loan. This translates to less money for savings, your children’s education, retirement, and living expenses.

Most borrowers are surprised to find out that a low interest rate is not the most significant factor in reducing the overall mortgage cost and payment period. The truth is, lenders avoid sharing many money-saving tips as they can earn bigger profits by lending you as much as possible and with fees as high as they can get away with.

1. If you want to be debt-free more quickly, then check out these tips:Review your home loan at least once a year.

Home loans generally become uncompetitive after a few years. With new products being added to the market regularly, it pays to do a review of your home loan at least once a year to determine if your current loan still meets your priorities. You may discover that there is a better product out there that would help you save on interest charges, gain access to better services, and increase your home loan amount.

Looks like really useful info, eh? Just click the link https://www.yourmortgage.com.au/article/tips-that-will-help-you-slash-your-mortgage-payments-230284.aspx to find out more from the horse’s mouth! If you’d like to share perspectives or discuss how it relates to your business, call me on (0418) 708-112 or email me at [email protected] 

Thanks,

Melissa