Wednesday, July 28, 2010

Repay your mortgage - FAST!

Don't we all want to pay off our mortgage sooner rather than later?

We've written an article giving you some tips on how to do this explaining that the ideal with any debt and importantly your mortgage because usually its your biggest debt, if you can shorten the loan term by paying a little extra, it means the quicker your loan is repaid, which means the less interest you pay the lender... and ultimately the sooner you are mortgage free!

Our TOP tip for you:

If your interest rate increases, so will your mortgage repayments.

Likewise if your interest rate drops so would your mortgage repayments...

If this happens it is always a good idea to keep the same level of repayments going as you were paying before the interest rate decreased - the extra amount will come directly off the principal; therefore paying off your loan more quickly!

Click here to read the full article or CONTACT US now to talk through your situation.

PS: - pass it on - share this blog and article!

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