Below are a few tips to getting the best out of your mortgage:

  1. Pay weekly or fortnightly

This will mean you will pay an extra repayment in the year but will reduce your interest.

  1. Reduce your loan by making additional repayments

Making extra repayments will allow you to reduce your debt quicker. Note there may be penalties for paying extra on fixed loans. Check with your mortgage professional about penalties or fees.

  1. Pay  Higher than  your  minimum  repayment

 Paying more than your minimum repayments can make a large difference over the term of your mortgage. Note there may be penalties for paying extra on fixed   loans. Check with your mortgage professional about penalties or fees.

  1. Home loan Health Checks

Because our needs change, the loan that you originally got may not be the best loan for you in the future.Review your home loan on a regular basis to make sure it still suits your circumstances.