[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” admin_label=”Section_2_Text Left:” _builder_version=”3.22″ background_color=”#f7f7f7″ custom_padding_tablet=”50px|0|50px|0″ custom_padding_phone=”” transparent_background=”off” padding_mobile=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on”][et_pb_row padding_mobile=”on” column_padding_mobile=”off” custom_padding_last_edited=”on|phone” admin_label=”Row” _builder_version=”4.0.11″ background_color=”#ffffff” background_size=”initial” background_position=”top_left” background_repeat=”repeat” max_width=”768px” custom_padding=”60px|60px|60px|60px” custom_padding_tablet=”” custom_padding_phone=”40px|20px|40px|20px” make_fullwidth=”off” use_custom_width=”on” width_unit=”on” custom_width_px=”768px”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_post_title categories=”off” comments=”off” disabled_on=”off|off|off” admin_label=”Which Property Type Should I Choose? ” _builder_version=”3.0.87″ title_text_color=”#00afff” title_font_size=”36px” meta_text_color=”#95989a” background_color=”rgba(255,255,255,0)” parallax=”on” parallax_method=”off” custom_margin=”||40px|” title_font_size_tablet=”” title_font_size_phone=”28px” title_font_size_last_edited=”on|phone” parallax_effect=”on” module_bg_color=”rgba(255,255,255,0)” use_border_color=”off” border_color=”#ffffff” border_style=”solid”][\/et_pb_post_title][et_pb_text admin_label=”Text_B:” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n
These 4 tips will help you pay off your mortgage early without straining yourself.\u00a0<\/span><\/p>\n Paying off your mortgage faster will save you money and take away the financial load sitting on your shoulders. Here are some ways to get rid of your mortgage debt faster.<\/span><\/i><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n Like most people, you are probably paying monthly.\u00a0<\/span><\/p>\n Each year has 26 fortnights. If you cut your monthly payment in half and pay every two weeks, each year you\u2019ll be making the equivalent to 13 months worth of payments.\u00a0<\/span><\/p>\n This could save you thousands and reduce your mortgage fast.\u00a0<\/span><\/p>\n <\/span><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n An offset account is like a regular bank savings\/transactional account. The difference is that it is linked to your mortgage. The balance held in the offset account reduces the amount you owe on your mortgage. This results in a reduction of the interest you pay and will help pay off your mortgage faster.\u00a0<\/span><\/p>\n <\/span><\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_H3: ” _builder_version=”4.0.11″ header_font=”Open Sans||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Text_B:” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n To do this, the first step is to compare your current home loan to see if there are cheaper options in the market. This comparison must be a \u2018like-for-like\u2019 comparison. So you must compare a loan with the same features as your existing mortgage.\u00a0<\/span><\/p>\n Then once you find a few competitors with better rates, contact your existing lender. See if you can negotiate with them. You\u2019ll be surprised, they want to KEEP you as a customer.\u00a0<\/span><\/p>\n If your lender won\u2019t negotiate with you, then it is worth considering switching loans. Speak to a qualified mortgage broker and they will be able to provide you with an appropriate recommendation.\u00a0<\/span><\/p>\nSwitch to Fortnightly Repayments<\/span><\/h2>\n
Consider An Offset Account <\/span><\/h2>\n
Reduce Your Interest Rate <\/span><\/h2>\n