Mr Mortgage Buster

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Mr Mortgage Buster

Mr Mortgage Buster is passionate about helping Melbourne Home Owners pay off their Mortgages and reduce their debts faster.

26/07/2020

Mortgage Tip #17
Pay the First Installment Early
Even baby steps can help when you’re trying to repay your home loan faster. Start from the initial repayment. Instead of waiting a month, which is what most lenders ask, you could make the first repayment on the day of settlement. As a result, what would have been your first repayment becomes your second repayment, and so on. Even if you do nothing else, you’ll always be a month ahead.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

19/07/2020

Mortgage Tip #16
Don’t Get Lazy
A lot of people slip into a comfort zone with their mortgage. They just keep paying what the lender expects of them, without keeping an eye on the industry. Lenders offer different deals at various times of the year. With the right timing, you could switch your mortgage and take advantage of an array of discounts that allow you to repay your home loan faster.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

12/07/2020

Mortgage Tip #15
Use Your Equity
Over time, you will build equity in your property. Equity is the difference between your home’s value and the amount of your home loan you have left to repay. For example, if you have $200,000 left to repay on a $600,000 loan, you have $400,000 in equity. Many lenders allow you to access up to 80% of this equity for use with other purchases. This may prove useful if you want to make a large purchase that would otherwise require a personal loan. Your equity loan will usually carry the same interest rate as your home loan.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

05/07/2020

Mortgage Tip #14
Try Investing
You may find that you have a fair amount of money left over after making your monthly mortgage repayment. Putting this towards your mortgage will speed things up, but you might make things go faster by investing. This is a risky option, so you should always speak to a professional first. However, if you can successfully invest in shares, you stand to generate a sizeable income. This might even allow you to pay off a large portion of your mortgage in one go.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

28/06/2020

Mortgage Tip #13
Avoid Life’s Luxuries
Take a moment to think about all the things you spend money on that you don’t really need. That morning coffee or bought lunch may seem like a tiny expenditure, but this money really adds up over time. Take stock of what you spend money on and think about where you could make cuts. Avoiding life’s little luxuries could save you hundreds of dollars that you can put toward your home loan. Of course, you don’t have to live a Spartan existence either. Just try to avoid repeatedly spending money on things you don’t need.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

21/06/2020

Mortgage Tip #12
Consider a 100% Offset Account
Some lenders offer a 100% offset account feature with their home loans. This means that every source of your income goes into your mortgage account. You can draw from the account to pay for life’s expenses, in addition to your mortgage repayments. There’s a constant seesaw effect with this type of loan. You’ll reduce the interest payable against your principal when you get paid, then increase it again with your withdrawals.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

14/06/2020

Mortgage Tip #11
Pretend Your Loan Has a Higher Interest Rate
Let’s assume that your loan comes with an interest rate of 4%. If you make the standard repayments, the loan will probably last for between 20 and 30 years. Why not apply your own rate to the loan? If you’re at 4%, act as if the loan had a rate of 5% or 6%. These extra “interest payments” don’t go to the interest at all. Instead, they’ll reduce the loan principal. As a result, you can repay the loan faster, plus you won’t be in for a shock if the variable rate moves up.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

07/06/2020

Mortgage Tip #10
Make your home loan a priority
Tightening your belt on some of your less important expenses can add up to significant savings over time. For example, do you need to buy that chocolate bar at the petrol station, or the branded canned tomatoes?
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

31/05/2020

Mortgage Tip #9
Do an annual home loan health check
Never set and forget your home loan. In a tight market, lenders will compete for your business, so take some time every year to do a home loan health check and see what offers are out there. Easier yet, check in with your iSelect mortgage broker.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

24/05/2020

Mortgage Tip #8
Know your entitlements
Some lenders will offer discounts and special conditions to people with a specific profession. For example, if you are a certified medical professional, some lenders may waive the Lenders Mortgage Insurance (LMI) or lend at a higher loan to value ratio (up to 90 per cent) before charging LMI. This could give you a significant head start on paying off your loan.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

17/05/2020

Mortgage Tip #7
Keep your repayments steady
When interest rates drop, try to keep repaying your home loan at the higher rate. The extra money will come off your principal which can help to pay off your mortgage sooner.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

10/05/2020

Mortgage Tip #6
Pay off the principal
Depending on your circumstances, you may want to steer clear of interest only loans. Choosing to only pay the interest on your loan for a set period of time will mean that once the interest only period expires, the required principal amount will need to be paid off at a higher propensity.
Visit us at http://www.freedomstrategy.com.au/mortgage-buster/ to learn how to take years off your mortgage using our simple 4 step Mortgage Buster.

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Melbourne, VIC
3004

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+61386775830

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http://www.fsatv.co/

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