Financial Planning, Tax, Wealth Creation, Business Planning, 360 Financial Group, Eltham, Victoria, Australia

MANAGING YOUR HOME LOAN

Do you want to pay your home loan off faster?

Your home loan repayments are likely to be one of your biggest outgoings each month. Paying off your home loan as soon as possible is one of the simplest ways to save money. Particularly in the early years when your interest payments are highest.

From the experts

Income protection insurance provides better value than home loan protection insurance. Income protection insurance provides up to 75% of your salary in the event that you are unable to work and covers all your expenses - not just your loan repayments.

What you need to know

Small changes can make a big difference. There are some easy ways that you can start to pay off your loan faster:

Changing your payments from monthly to fortnightly or weekly is the equivalent of making 13 monthly repayments a year
Avoid 'honeymoon' loans that revert to a higher rate after the 'honeymoon' period is over
Make additional repayments whenever you can. Extra repayments you make in the early years will have the biggest impact
Use an offset account to reduce your loan interest

Count on us

A Count adviser can help you:

Put in place strategies to pay off your home loan faster

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360 Financial Group ABN 61 401 351 286 provides its financial planning services as an Authorised Representative of Count. 'Count' and Count Wealth Accountants® are the trading names of Count Financial Limited, ABN 19 001 974 625. AFS Licence Number 227232, a wholly owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Professional Partner of the Financial Planning Association of Australia Limited.

Please note any taxation or accounting services are not endorsed nor the responsibility of Count Financial Limited.

The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances.