19/10/2026
๐ก Could your tax refund help wipe years off your home loan? ๐กโฃ
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The average tax-agent prepared tax refund is $3,550, according to H&R Block.
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Those extra funds could potentially help you pay off your mortgage sooner.โฃ
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Thatโs because 100% of additional lump sum payments reduce your home loan principal. ๐โฃ
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In turn, that lowers the total amount of interest you're charged each month thereafter.โฃ
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So more of each of your following monthly repayments work harder to pay down the loan balance. ๐โฃ
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Call us to know how to put your tax refund to work lowering your home loan. ๐โฃ
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To find out more, DM or contact the Peak Finance Group Team on:
โ๏ธ โ 03 6330 2228
๐ป โ [email protected]