Cheatography
https://cheatography.com
21 Ways To Pay Off The Mortgage FAST
This is a draft cheat sheet. It is a work in progress and is not finished yet.
The Rate
|
What's The Lowest Home Loan Rate? 2.25% p.a.
|
|
Switch To A Lower Rate Download our worksheet: Negotiating with your bank.
|
|
Work on a higher rate Make repayments at a higher rate than you need to
|
Rate isn't everything but it's a great place to start. Make sure you don't sacrifice other important features just for rate.
Repayments
Make repayments at a higher rate |
Make more frequent repayments |
Pay it off quickly |
Make your first repayment before it is due |
The things to DO
Make your home loan your KEY financial product |
Hit the principal early |
Use your equity |
Get your credit report |
Shop around and make sure your lender knows it |
|
|
What A Difference!
Getting that mortgage monkey off your back will set you up for a millionare lifestyle. On the average Australian home loan you will pay nearly $500,000 in interest!
At MaxiLife we can help you half that!
|
|
Education
Educate yourself about the home loan market. |
Know what you need |
Does your trade or profession get a discount? |
Don't be afraid of small lenders |
Shop around and make sure your lender knows it |
Don't forget about your mortgage |
The more you know about what you need and what is out there the better you will be.
Bells and Whistles
Consolidate your debts |
Split your loan |
Run an offset account |
Make sure your loan is portable |
DON'T
Fall for the honeymoon rate |
Use bridging finance |
Things to remember
Pay all your fees and charges up-front |
Hit the principal early |
Skimp on the luxuries |
Little amounts add up over time |
|
