Home buyers can potentially save thousands on their home loan by making a few simple changes to those everyday “treats”.
According to Mortgage Choice spokesperson Jessica Darnbrough, cutting corners on a few of life’s luxuries, like takeaway coffee, can mean you spend up to $32,000 less on your home loan repayments. She said with a little planning you can save plenty in the long run and homebuyers prepared to take very little pain now could have an awful lot of financial gain in the long run. Her top five tips to saving on your repayments are:
- Cut down on treats
- If you can’t pay more, pay more often
- Get a mortgage with an offset account
- Use redraws wisely
- Give your home loan an annual health check
So why not get your home loan health check now! Contact Jim today on 0437 330 858 and see how we can help you save.
Source: News.com.au; article published October 22, 2014.