Extra mortgage repayments
You can save thousands in monthly repayments and take years off your loan by making extra repayments.
Once you have an idea of your home loan repayments it’s important to find out how extra mortgage repayments can save you money and let you pay off your home loan faster.
You can use the contributions from things such as bonuses and tax returns to make ad-hoc additional loan repayments and reduce the principal on your mortgage faster. The earlier in the loan term you begin making additional repayments, the greater the benefit in terms of time and money saved. This mortgage repayment calculator lets you calculate these savings based on different repayment amounts over various terms.
Talk to a Loan Market mortgage adviser to find a home loan to match your repayments strategy.