May 29, 2014 by Toni Slater
There's never been a time like this that I can remember in the Mortgage Industry in my ten years.
There has always been speculation about where in the property cycle we are, what property prices are doing, what interest rates are going to do etc. There's usually some kind of agreement between most economists or market specialists but at this time it seems no-one can agree in their predictions for the future of any of those things.
So what do we do?
Go with what we know
We know rates are at record lows. We have a fair idea they aren't moving for a while. I know this means it is the best time for those of you with home loans to make some real headway by paying extra into your mortgage now and reaping the long term benefit of paying less interest.
See if for yourself
There are numerous calculators on my website. Try them. The most useful on in this instance with be the Home Loan Repayments Calculator. You can see the effects extra repayments (as low as $20 per month) will have on your home loan. Try it Here
At Mortgage Choice Annerley we're home loan experts. To have us cast an expert eye over your existing lending and determine whether you're making the most of your home loan, give Lisa Wilkinson a call today on 07 3848 4822.
