Do you want to know how to cut years off your mortgage? Then here are some simple techniques – pay fortnightly rather then monthly, add say $50 – $100 on your repayments and use one our loan calculators at http://aapfsgroup.com/broker/help/loan-calculators to see how many years that will save you. Other idea’s are to have a goal or repaying say within 10-15 years rather then 25 years and calculate how you can save a week and add this to a 100% offset account linked to your mortgage, this will reduce your interest costs but give you access to funds for a rainy day. What ever you do don’t be lured in by a redraw facility – you will be back to square one in no time.
Do you want to cut years off your mortgage?