Little Ways to Save Large!
Mortgage Interest is likely to be the biggest expense of your life. For example: if you borrowed just $300,000 over 30 years, your total mortgage repayments would amount to approximately $698,000*? That’s nearly $400K just in interest alone!
*based on an interest rate of 6.75%, with weekly repayments of $447.77
But by making some small changes, you can save big money on your mortgage, and get mortgage-free (ah, the relief) faster!
Small Changes, Big Savings
Rate discount: Imagine if your mortgage broker (that’s us!) could get you a little discount on your interest rate of just 0.10% per annum. This seemingly small reduction would save you around $11,000 over the life of your loan!
Maintain your original repayment amounts: If we got you that 0.10% saving, but you just kept your mortgage repayments at the same amount of $447.77 a week, you could repay your mortgage six months earlier.
Increase your weekly repayments: Ok - now let’s consider bumping up your weekly repayments slightly, from $447 to $465 a week. This small adjustment can have a significant impact, allowing you to repay your loan in 26 years instead of 30. That’s four years earlier! And change would save you a whopping $70,000! (That would buy some amazing holidays…)
The Power of Expert Advice
These figures aren’t just impressive numbers - they illustrate the powerful benefits of getting advice from a knowledgeable mortgage broker and financial advisor like us.
It’s not just about securing a better interest rate on your mortgage (although that’s always awesome); it’s also about getting free expert guidance to save more, get mortgage-free faster, and help you achieve other financial or life goals.
Why Choose WealthHealth as your Mortgage Broker?
Convenience: We can come to you after work or on weekends, so you don’t need to take time off - or just meet with you via a virtual/online meeting - super easy! You only need to provide your information once, not over and over again - and we’ll do all the paperwork for all the different banks and lenders.
Negotiation on Your Behalf: We negotiate with banks to get the best mortgage deal for you, including how much they’ll pay you toward your switching costs.
Mortgage Structuring Advice: We provide expert advice on structuring your mortgage so you can pay it off as quickly as possible, saving you more money in the long run.
Free Service: Our mortgage negotiation service is free to you. It can save you many thousands of dollars in interest, countless hours of your own time, and help you become mortgage-free and debt-free sooner. Imagine possibly retiring early - how good does that sound?
More than just Mortgage Brokers: We also offer much more than just mortgage broker services. We are qualified insurance advisors and can set you up with insurances that give you true peace of mind and protect your home, income and family. We also provide comprehensive financial and retirement planning advice to help you make the most of your money and and achieve your financial dreams in life.
Ready to save money and pay off your mortgage faster?
Contact our mortgage brokers today to schedule a chat.
Let us show you how small changes can lead to big savings and a brighter financial future.
Our blog is not intended to be taken as personal advice and is for informational purposes only.
Before acting on this information, contact our mortgage broker/financial advisor to ensure it is suitable for your circumstances.