Low Interest Rates offer an excellent opportunity to reduce Mortgage Debt

With mortgage rates so low, why not try to shave a couple of years off your mortgage. To help get you started, here are our Top 4 Tips: 

  1. Review your loan annually – call your current mortgage provider to check you are receiving the best deal and/or shop around.
  2. Pay more than your minimum mortgage repayments.
  3. Review your household budget regularly. Is there a subscription that you no longer need or a cheaper energy supplier? Monitoring your spending over a few weeks each year helps you to see where you may be able to save. For example, instead of buying lunch each day at work, consider bringing your own. That could save you $75 each week or $3900 over the year!
  4. Think carefully before you buy ‘stuff’. It’s so easy to be lured by the latest gadget or new trend but before you purchase, take a moment to ask yourself if you really need it.

Please be aware whilst every effort is taken in the production of this information it is prepared as a general guide only. It is not to be taken as advice in any instance. Nor is it specific to any person, or group of persons. While the MyPlace uses reasonable efforts to include accurate and up-to-date information the Company makes no warranties or representations as to its accuracy. The Company assumes no liability or responsibility for any errors or omissions of the content or how how this content is applied.  In no event shall the company be liable for any special incidental, indirect punitive, reliance or consequential damages whether foreseeable or not.

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