Mortgage Broker Guyra | Guyra Home Loans
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Mortgage broker Guyra
Guyra, the highest town in the New England region, is known for its cold winters - even attracting snow! In the warmer months, you’ll love being able to explore the many surrounding national parks and walking trails, and birdwatchers will enjoy being just minutes from the expansive Mother of Ducks Lagoon. In the town centre, you’re treated to views of the iconic Big Lamb statue, paying homage to the local lamb and potato industries. With a hospital, supermarket, cafes, and all your essentials at hand, Guyra has everything you need to enjoy the serene atmosphere in this picturesque region.
In Guyra, the median house price in 2023 was $370,750. If Guyra sounds like the perfect place for you to purchase a property and settle down, talk to Karen Derrett today about your financial situation.
Making fortnightly payments on your loan
The standard home loan structure usually involves making monthly repayments. However, did you know that making weekly or fortnightly repayments can actually save you money in the long run? This is because interest is calculated daily, so when you are making repayments sooner, the balance is smaller and therefore you are charged slightly less interest. Additionally, because there are only 12 months in a year, but 26 fortnights, you are essentially paying off one additional month every year by following a fortnightly schedule.
While the difference might not seem large enough to warrant changing your payment schedule, you could be saving a considerable amount by paying off your loan sooner. To find out if fortnightly repayments are a possibility with your loan conditions, chat to Karen Derrett, your Mortgage Choice broker in Guyra. She will be able to explain all of the benefits, and help you decide whether more frequent payments will work for you and your loan.
Free home loan calculators
Try out our selection of free online calculators to learn more about your home loan, including your borrowing power, LVR and more.
Talk to Karen Derrett about purchasing a property in Guyra today on 0416 508 162
Karen can also assist you with:
