In the spirit of our current competition, which can see new inovayt followers win a great night out in Melbourne, we thought we would share our mortgage busting tips with you this month! How to Pay Off Your Mortgage Faster Tip 1 Quantity counts. Splitting your monthly loan repayment into fortnightly repayments can save you thousands of dollars, and years over the term of your loan. Why? Because whilst there are 12 months in a year, there are 26 fortnights which means you’ll effectively be making 13 monthly payments (instead of 12). This can make a big saving whilst having a negligible difference on your disposable income.
Posted on: Thu, 01 May 2014 03:44:01 +0000
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