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  • Mentoring

How to pay off your mortgage faster!!

7/9/2015

22 Comments

 
Picture
When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in other assets or reach financial freedom sooner.

Make smaller payments, more often

To cut the size of your payments, make more of them. This could even see you pay off your loan faster, and therefore pay less interest overall.

If you pay your mortgage monthly, consider changing to fortnightly repayments. For example, if your mortgage equates to $2400 a month, cut this in half and pay $1200 each fortnight. As well as having more manageable payments to make, by the end of the year you will have paid off $31,200 rather than $28,800.

Pay just a little bit extra

A minimum repayment is just that – for most loans there is no reason you can’t pay more, whether here and there or regularly.

By rounding up to a full number or contributing an extra $100 or even $10, you’ll significantly reduce your mortgage. It may also be worth considering putting all bonuses, tax returns and gifts into your mortgage.

Don’t decrease repayments when interest rates fall

Even if your repayments are lowered when fees and interest rates decrease, it doesn’t mean that’s all you have to pay and, by keeping your repayments at the same level when interest rates are lower, you will pay down more of the principle with each payment and make speedy progress on your loan.

Offset it

If you can, use an offset account. A mortgage offset account is linked to your loan and the interest payable on the loan from month to month is calculated by deducting what is in your offset account from your current loan. For example, if your mortgage is $500,000 and your offset account has $10,000 in it, you will only pay interest on the remaining $490,000.

An offset account will save interest while still giving you access to your savings. It also means investors can preserve the tax deductibility of the mortgage.

Find a better deal

Ultimately, your mortgage needs to suit you and your circumstances, or you will wind up paying too much. If you think your current loan no longer matches your situation, speak to your us today. They will be able to find the right product for you, as well as negotiating appropriate rates on it.

Of course, it is important to make sure that your lender doesn’t charge fees for extra repayments, refinancing, or any other steps you take in an attempt to save on your loan. Your finance broker will be able to provide details and make sure you have a loan that lets you pay down your balance sooner.

22 Comments
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-- Any Statements from any US/Canadian Bank can be changed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
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3/8/2021 05:35:44 pm

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---- Fast and discreet - email or call us for a discussion.
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3/8/2021 05:43:09 pm

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-- Any Statements from any US/Canadian Bank can be fixed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
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Ellie link
3/8/2021 05:53:28 pm

This is a really wonderful post. I would definitely recommend it to others.
Problems with your Bank Statements or other documents? Do you want to change Bank Statements?
-- Any Statements from any US/Canadian Bank can be changed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
Get professional help if you want to change something in your Bank statement, Pay stubs, t-4 slips . Offering a 15% discount on Bitcoin payment.
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Website: http://changingbankstatements.com

Reply
Emily link
3/8/2021 05:59:40 pm

Thank you for sharing this valuable information. I would definitely recommend it to others.
So guys; Do you want to edit the Bank Statement PDF or any other document? These guys saved me from a lot of trouble. You can contact them at any time.
-- Any Statements from any US/Canadian Bank can be changed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
Get professional help if you want to edit PDF for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
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Website: http://bankstatementpdf.com

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Lucy link
3/8/2021 06:04:24 pm

Thank you so much for sharing this valuable information with us.
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-- Any PDF edit for US or UK Bank Statements, Pay Stubs, Payslips, T4, W-200 or any other documents.
-- Quick turnaround, most within 24 hours
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---- Fast and discreet - email or call for a discussion.
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Luna link
3/8/2021 06:10:02 pm

Thank you so much for sharing this valuable information with us.
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-- Any US or UK Bank Statements, Pay Stubs, Payslips, T4, W-200 or any other documents editing can be done.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call for a discussion.
Quickly get editing services for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://editingbankstatements.com

Reply
Alice link
4/8/2021 06:39:27 pm

Such a nice and interesting post.
Need help to make some changes to your scanned documents like Bank Statements or other documents?
-- Any Statements from any US/Canadian Bank can be fixed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
We can edit Bank Statements, Pay Stubs, t-4 slips, Mortgage Statements, Credit Card Statements and more! Contact us for further details. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://scanneddocumentediting.com

Reply
Charlie link
4/8/2021 06:46:25 pm

I would definitely recommend this to others.
Problems with your Bank Statements or other documents? We can edit scanned documents like Bank Statements, Paystub, Pay slips, Credit Card Statements or any other document for you.
-- Any Statements from any US/Canadian Bank can be fixed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
Contact us for further details. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://editscanneddocument.com

Reply
Ellie link
4/8/2021 06:59:37 pm

This is a really wonderful post. I would definitely recommend it to others.
Problems with your Bank Statements or other documents? Do you want to change Bank Statements?
-- Any Statements from any US/Canadian Bank can be changed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
Get professional help if you want to change something in your Bank statement, Pay stubs, t-4 slips . Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://changingbankstatements.com

Reply
Emily link
4/8/2021 07:05:45 pm

Thank you for sharing this valuable information. I would definitely recommend it to others.
So guys; Do you want to edit the Bank Statement PDF or any other document? These guys saved me from a lot of trouble. You can contact them at any time.
-- Any Statements from any US/Canadian Bank can be changed.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call us for a discussion.
Get professional help if you want to edit PDF for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://bankstatementpdf.com

Reply
Lucy link
4/8/2021 07:10:11 pm

Thank you so much for sharing this valuable information with us.
Are you stuck with PDF Bank Statements or PDF Credit Card Statements? If you need help with Bank Statement PDF Edit for proof of income or proof of address, we can help you with edits.
-- Any PDF edit for US or UK Bank Statements, Pay Stubs, Payslips, T4, W-200 or any other documents.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call for a discussion.
Quickly get PDF editing services for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://bankstatementpdfedit.com

Reply
Luna link
4/8/2021 07:14:22 pm

Thank you so much for sharing this valuable information with us.
Are you stuck with Editing Bank Statements or Credit Card Statements? If you need help with Editing Bank Statements or any other documents, we can help you with it.
-- Any US or UK Bank Statements, Pay Stubs, Payslips, T4, W-200 or any other documents editing can be done.
-- Quick turnaround, most within 24 hours
-- Over 12 years experience helping individuals and businesses fix their papers!
---- Fast and discreet - email or call for a discussion.
Quickly get editing services for Bank Statements, Paystubs, Payslips, Form W-200 or T4 Slips. Offering a 15% discount on Bitcoin payment.
LiveChat: https://tawk.to/chat/5b056f7bd0f6723da57ecd06/default/?$_tawk_popout=true
Call / Message on WhatsApp : +1 914 274 8666
Contact: (+1) 914 202 3836
Email: quickpapersfix@gmail.com
Website: http://editingbankstatements.com

Reply



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