How Much Can You Save On Your Mortgage?
Owning your own home is a huge part of the great Australian dream. The 30-year mortgage that comes with it, less so. Whether you're a seasoned homeowner, investor or first-time home buyer, the prospect of repaying a mortgage is a large, long-term commitment. But what if the term of your mortgage could be reduced by 5, 10, 15 or even 20 years?
Many Australians' unfortunately don't even know that it is possible to reduce home loans and mortgage payments. In the busyness of life, many people never question things, and simply accept any interest rates that their bank has supplied. However, with the right mortgage broker, you could modify your home loan arrangement, saving you thousands of dollars in interest, and years off your term. If you'd like an estimate on how much you can save on your home loan, simply click the link below:
How To Reduce Home Loan Rates
If you're looking to negotiate a discount on your loan, you're going to need a great mortgage broker on your side. If you're thinking about refinancing, it's always a good idea to compare mortgage rates from other banks to gauge the general market rates.
Regardless of whether you engage a broker, or manage things yourself, by having a base-level understanding of your target rates, you position yourself to make an educated and informed decision. From here, the right broker will help you to find a suitable rate and aim to secure a discount with your bank. If you're looking to reduce home loans rates, it can be a good idea to continue payments on your original amount, if you can afford it. This will help you pay off your loan faster, in turn, reducing your loan term and saving you thousands in the process.
How Soon Could You Pay Off Your Mortgage?
Get Your Free, No-Obligation Mortgage Reduction Assessment - Returned within 4 hours.
How We Can Help Reduce Your Mortgage
So, you're wanting to reduce your mortgage but aren’t sure where to start? Getting your mortgage wrong can be a mistake you pay back for years, so it's important to have the right information, guidance and advice. Banks can be difficult to approach, especially if you aren't fully prepared with your re-negotiation.
Unless you're fully-confident and comfortable in your ability to get the right deal, we strongly recommend engaging a broker to work with you - and ensure you get the best deal, whilst protecting you from any unforseen issues. At Chase Edwards, our goal is to help facilitate home loan reductions on your behalf. Our experienced and professional team work daily to reduce home loans, and know all the ins-and-outs to getting you the best deal. If you'd like to discuss your mortgage, or book a free 60-minute consultation with a Chase Edwards team member, simply click the link below.
Thank you Chase Edwards for helping me secure my financial future...my mortgage is now reducing...I have saved tax and the process was very easy..The professional staff were fantastic...highly recommend that people should seriously make the appointment for the consultant to come to your house..it will be the best thing you can do for yourself Jo.
Wow!! If I didn’t answer my phone I wouldn’t have been able to buy my dream car, the telemarketer was patient with me and I went ahead with appointment and yes, the consultant found tax savings for my partner and me that my accountant and financial advisor didn’t!!! Was a bit surprised because I pay for my advise and chase Edwards appointment was free!,, I am impressed!!!!! Thank you. Always a pleasure when thinking about my savings because I love saving money!!!!!
My partner and I were very impressed with the team at Chase Edwards. They explained the wealth strategy concept well and gave us immediate feedback each step of the way. Steve, Stuart and Michelle were accommodating and professional during each step of the process. Although we had some unavoidable issues along the way the Chase Team kept us well informed and tried hard to ensure we achieved the best possible outcome.
The Chase Edwards team have looked after every aspect of this investment venture and as a result we have tenants in and are on our way to creating our own financial security in our latter years. I would recommend Chase Edwards to anyone considering purchasing an investment property. They kept us informed of all developments, organised for us to attend hand over and paid for accommodation and a hire car to do so and worked with us to create a mortgage reduction program. The property is at Hamlyn Terrace on the Central Coast. I can only guess how much they have saved us – I would imagine it was in the thousands!
They make it all so easy and it takes the stress away from us. In far less than 12 months Chase Edwards has helped us in building and setting up an investment property. They assisted us with every stage from organising our finances to seeking out tenants, who will be in within a week of the handover. Everything ran smoothly along the way, I did not think the process of setting up a new rental property would be as simple as it was through Chase Edwards. They make it all so easy and it takes the stress away from us. I would recommend you attend one of their seminars or contact them directly to make an appointment.
The team at Chase Edwards are amazing, understood my needs and offered us a few different choices. The staff were very helpful and knowledgeable. Highly recommend
Chase Edwards was a great experience, staff were very knowledgeable, helped my family out in a big way. Haven't looked back since.
Understanding Interest Rates
If you're going to reduce your home loan, it's important to understand your interest rate and know what this means for you. To get a clearer grasp of your repayments, interest and potential savings - a mortgage calculator can be a great place to start. Unsurprisingly, mortgages and home loans form a staggeringly large portion of Australian debt. If you fail to shop around, you'll likely end up paying back more than you paid for your property! It may sound crazy, but without proper planning you'll likely pay over double what you originally borrowed in the first place.
Contrasting the interest rate difference between borrowing for your mortgage (3.5%*) and your savings (0.25%*) makes things even more confusing. Home loan reduction can be complicated, but with the right help and expertise, you can have this rate renegotiated and lowered. Having a mortgage rate tailored to your circumstances will have a massive impact over the long run.
How To Pay Your Home Loan Off Faster
A home loan is the #1 financial burden for Australian residents. Aside from taking a large portion of the weekly budget, a looming mortgage can also cause a lot of stress and anxiety for home owners. So how can you pay it off sooner? Potential options include:
- Improving mortgage structure
- Negotiating a better interest rate
- Creating and sticking to a budget
- Making extra repayments
- Reducing household expenses
- Creating extra forms of income
While some of these suggestions may not be suitable for your situation, there's almost always a realistic way to pay your mortgage off quicker. If you'd like to get specific-expert advice on reducing your mortgage term, you can get in touch with us through the link below.
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The Advantages Of Paying Off Your Mortgage
It probably goes without saying, but paying off a mortgage is a great achievement. You're no longer a slave to renting, repayments and interest - instead, you are a proud home owner, with equity and a place to call home. With the major financial burden taken care of, you'll likely have a lot more freedom and choice with your spending. Whether you're looking to:
- Save some money
- Pay off debt Travel
- Work less
- Be able to spend more time with your partner & kids
Paying off your home loan goes a long way towards a better lifestyle. While your final repayment may seem like a lifetime away, you could achieve this sooner than you think. To find out how much quicker you could pay off your home loan, simply click the link below, fill out your details and you'll be put in touch with a mortgage reduction specialist.
Get Expert Advice On Mortgage Reduction
Whether you've owned homes before, are a seasoned investor or a first home buyer - it never hurts to get a second opinion on your mortgage. At Chase Edwards, we have financial strategists, financial planners and mortgage brokers, all under the same roof and at your disposal.
What does this mean for you?
It means that you have an experienced team of financial professionals, working together, to save you thousands of dollars and years off your mortgage. To speak with a mortgage expert, simply enter your details through the form below.