Ep. 114 | The Top 5 Strategies on How to Pay Your Loan Off Faster
Description
Slash years off your home loan with five proven strategies you can start today. We unpack easy ways to pay extra without feeling it, offset vs redraw (and when to use each), refinance traps that add interest, and why comparing lenders through a broker beats going direct. Plus, the #1 mistake slowing borrowers down - and how to avoid it.
Topic timestamps
1:57 - What is the easiest way to pay more than the minimum off your loan without really noticing?
9:44 - What's the difference between redraw and offset accounts and how they work?
13:02 - When refinancing, how can people make sure they don't end up paying more interest?
17:57 - You should be shopping for lenders through a broker, not going to a bank directly.
23:52 - What's the biggest mistake you see people make that is slowing down the rate at which they can pay their loan off?
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