Have you been told that its not the interest rate you are paying,
it is the rate that you repay your mortgage...
In other words, the fastest way to see a reduction in your mortgage or to become debt free is not necessarily to have the lowest possible interest rate, it is in fact how quickly you can repay the debt - how much extra can you pay off your mortgage to reduce the loan amount?
Look at the graph above, it really does make an incredible difference to the overall term and interest costs of your mortgage if you have the ability to pay extra off your mortgage! "It all helps"... you and your family to become debt free faster.
Whether you pay extra off your mortgage constantly or periodically, or the amount differs from one month to the next - you can be assured of one thing - you will be debt free a lot sooner than if you just repaid the minimum amount for the next 30 years!
Why pay the lender (Bank) more in interest than you have too?
Do you know the term of your mortgage? If it is 20 years or 25 years - how old will you be by the time it is repaid? Young enough to celebrate and reap the rewards or ready for the retirement village?
Its really not rocket science - honest.
All you need is financial discipline (easier said than done...) and a professional adviser who sticks by your side over the years to ensure you stay on track no matter what life throws your way.
How to take advantage
You can't ignore the low home loan interest rates available today, to take advantage of this you need to have a close look at your budget - could you find a little or a lot of surplus money that could be directed to your mortgage?
Do you want to be debt free sooner but not sure what to do or where to start...
Does this sound like you?
Click here right now to book your free mortgage check
& find out just how much you could save and how soon you could be debt free!
Or you could just call us ~ freephone 0800 823 823
it is the rate that you repay your mortgage...
In other words, the fastest way to see a reduction in your mortgage or to become debt free is not necessarily to have the lowest possible interest rate, it is in fact how quickly you can repay the debt - how much extra can you pay off your mortgage to reduce the loan amount?
Look at the graph above, it really does make an incredible difference to the overall term and interest costs of your mortgage if you have the ability to pay extra off your mortgage! "It all helps"... you and your family to become debt free faster.
Whether you pay extra off your mortgage constantly or periodically, or the amount differs from one month to the next - you can be assured of one thing - you will be debt free a lot sooner than if you just repaid the minimum amount for the next 30 years!
Why pay the lender (Bank) more in interest than you have too?
Do you know the term of your mortgage? If it is 20 years or 25 years - how old will you be by the time it is repaid? Young enough to celebrate and reap the rewards or ready for the retirement village?
Its really not rocket science - honest.
All you need is financial discipline (easier said than done...) and a professional adviser who sticks by your side over the years to ensure you stay on track no matter what life throws your way.
How to take advantage
You can't ignore the low home loan interest rates available today, to take advantage of this you need to have a close look at your budget - could you find a little or a lot of surplus money that could be directed to your mortgage?
Do you want to be debt free sooner but not sure what to do or where to start...
Does this sound like you?
Click here right now to book your free mortgage check
& find out just how much you could save and how soon you could be debt free!
Or you could just call us ~ freephone 0800 823 823
No comments:
Post a Comment