At Confidence Finance, we’re often asked about effective strategies to pay down home loans as soon as possible. Of course, the simplest method is to make extra repayments and pay down your principal.
But did you know there are a number of other tips you could use to save you thousands?
Here’s how:
1. Hit the principal early
Compound interest works against you in the early years of your mortgage. It can feel as though you are only paying interest and the principal isn't reducing at all.
Every dollar you reduce your principal by in the early years will reduce your ongoing interest cost on your mortgage.
Our Sydney Home Loan specialists can help you today.
2. Consolidate your debts
Do you have personal debt? A car loan? It’s likely that you’ll be paying a higher rate on interest on this debt.
If you have equity in your home air max 270 pas cher en ligne , you could consolidate this debt into your home loan and reduce the rate of interest. While this will increase your mortgage debt, you will be paying less interest overall. That means more money in your pocket and a greater ability to reduce your debts.
If this sounds like you, call a Canberra Mortgage Broker today and see if we can help you.
3. Take advantage of lower fixed rates
With fixed rates lower than variable rates at the moment nouveau air max 270 pas cher , you could save on interest by simply fixing your loan.
Confidence Finance has access to over 25 lenders with fixed rates starting from 3.99%!
4. Find out if your profession will get you a discount
Some lenders offer discounts to specific professional groups or members of professional organisations.
Call a Canberra Mortgage Broker today. You might be pleasantly surprised.
5. Moving to fortnightly repayments
Interest is calculated on your daily mortgage balance. If you make payments more frequently, the compounding interest effect is slightly smaller. This can save you money.
Call one of the fastest growing Mortgage Brokers in Sydney for your free personalized lending assessment. A knowledgeable mortgage broker can provide you expert advice that can save you thousands. We also do not charge you for our services.
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Ophthalmic Diagnostic Equipment Market to Expand at 5.23% CAGR during 2019-2025
Ophthalmic Diagnostic Equipment market is expected to grow at a CAGR of 5.23% over the forecast period (2019-2025). Increasing prevalence of ophthalmic diseases such as AMD, retinitis pigmentosa, retinopathy nike air max 270 pas cher , cataracts, and conjunctivitis is surging need for advanced ophthalmic diagnostics which is fueling the adoption of POCs for testing in ophthalmology. The growing popularity of POC testing mainly in ophthalmology diagnosis is one of the factors which is boosting the growth of the ophthalmic diagnostic Equipment market.
Less- time consumption, low cost over the traditional method is expanding the applications of ophthalmic diagnostic Equipment and booming the growth of the market. Growing prevalence of ocular defects and diseases is creating a need for POC diagnosis which is propelling the growth of the ophthalmic diagnostic Equipment market. Continuous advanced technology developments made on ophthalmic devices to achieve an efficient diagnosis and treatment facility is driving the market growth.
Browse Ophthalmic Diagnostic Equipment Market Outlook Report @ Diagnostic Equipment-market
Increasing geriatric population air max 270 flyknit pas cher , government initiatives for increasing healthcare infrastructure are striving the growth of ophthalmic devices market. Additionally, the rising prevalence of lifestyle associated diseases include diabetes, high blood pressure is propelling the growth of the market.
Americas accounts for the largest market share. The US is having the highest per capita healthcare expenditure which is the leading revenue contributor among the other countries in ophthalmic diagnostic Equipment market.