Benefit of changing the repayment frequency
| I’m often asked if there are other options for repaying your mortgage rather than the traditional monthly repayment schedule. There are some lenders who offer a weekly or fortnightly option and this can be great for those of us with a similar pay-cycle or I can work out the weekly or fortnightly payments for you so you can get in front and use the same budget for your monthly repayment . The added bonus of making more regular payments is that you can potentially save thousands of dollars on interest over the life of your loan! If this sounds like something you are interested in or you would like me to explain how just the simple change or repayments from monthly to weekly can pay off your loan quicker and save thousands of dollars of Interest. Below is an example of just paying fortnightly can save years off your loan. I can help you find a lender that offers this service and walk you through the steps of refinancing. If you have any questions feel free to call me or click the button below and I’ll get back to you. |
