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17 tips that are handy paying down your home loan quickly December 19, 2020

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17 tips that are handy paying down your home loan quickly

Here are some tips that are handy paying down your home loan faster in order to enjoy your house much more!

It pays to talk to a Loan Market mortgage adviser who can help you understand what your home loan options are as well as set up your savings scheme with the right bank for you if you’re looking for home finance.

1. Make repayments that are extra constant and ad-hoc extra repayments such as for instance bonuses and tax statements strive to lessen the principal in your mortgage faster. The sooner within the loan term you start making extra repayments, the greater the power when it comes to money and time conserved.

2. Make your very very very first repayment on settlement dateYour very first mortgage loan payment will generally fall due 30 days after settlement. (more…)

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