Paying off more of your home loan
Wednesday September 17, 2008
Home loan interest adds up, but some of it can be easily avoided. If you only repay at the minimum rate you are setting yourself up to pay more overall. By making extra repayments at the beginning of your home loan, you can greatly reduce the amount of interest you will pay. This is because the less time each dollar you owe has to accrue interest, the less interest you will have to pay overall.
Please visit our comparison page if you would like to compare home loans and mortgages or feel free to browse our site to read more about taking out a home loan.