Thursday 7 February 2013

Pay your mortgage off sooner!...

Just a quick list of strategies that are easy to implement, and work!


  • Pay fortnightly = Save roughly 6 years!

  • Get an interest only loan, open an offset account and pay the bank its interest, and pay the principle that you would of paid with a Principle & Interest loan into your offset account = Resulting in the lowering of your interest payments and control of your own equity!

  • Pay your salary into your offset account, apply for a credit card linked to your offset account (one with a 40day interest free period or the like), live off the credit card for 39 days, repay the full amount from your offset account on day 39 and repeat! = Using a credit card interest free for life!

  • My personal favourite, lose the second coffee a day! $4 a day x 5 days x 48 weeks x 10 years = approx $10,000 in 10 years. The point isn't really to drink less coffee, but kick bad habits that are costing you money that you don't need to lose...
Until the next time dear readers!

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