Follow these tips and stay on top of your home loan while reducing the years you have to pay it off!
Synchronise your paycheck and your mortgage payments
If you get paid fortnightly, align your mortgage repayments to be paid fortnightly. This will mean that you pay less interest throughout your home loan.
Put lump sums in your mortgage repayment
If you receive a large sum of money such as a tax refund, work bonus or investment dividends then consider putting these in your mortgage account.
When interest rates become stable increase your repayments
When there is a cut, keep your mortgage repayments at the same level if you can, to cut years off your loan.