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Extra Repayment Calculator | Excellence Finance Pty Ltd
570 views
4 months ago
linkedin.com
Home loan repayments - CommBank
Apr 11, 2019
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Should I Pay My Mortgage Weekly, Fortnightly or Monthly?
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If you're a mortgage holder making a $300 per week extra repayment, you might need to rethink your strategy. Not because it’s wrong. But because you should understand exactly what that $300 is doing for you, and what it could be doing instead. Option 1: Put $300/week onto your $400k home loan (5.7% P&I) That’s $15,600 per year in extra repayments. You’re effectively earning a guaranteed 5.7% return, because every extra dollar avoids 5.7% interest. Over time this: • Reduces your loan term signifi
319 views
2 months ago
Facebook
Remi Vigor - Mortgage Specialist
0:45
Compare the Market AU on Instagram: "🤔 What’s been the hardest step in your journey to first home ownership? Let’s talk about it! Whether you’re buying your first home, a new home, or looking to refinance, we’ve got a really simples way to help you find a home loan that suits your unique needs and circumstances! Why should I compare home loans? It’s simple; there are thousands of home loan options in the market making it harder to figure out which loan is right for you. Rather than going with t
223K views
3 months ago
Instagram
comparethemarket_aus
0:37
Making extra repayments on your home loan? You can lower your minimum monthly repayment but only if you call your bank and ask. By default, extra repayments just sit in redraw. Removing access forces the bank to recalculate your repayments, which can save you money long term. #mortgage #mortgagebroker #homeloans #fyp
284 views
4 months ago
TikTok
risstok
0:06
One extra repayment can change your entire mortgage. Making extra repayments means: 💰 Less interest paid → Because interest is calculated daily ⏳ Years off your loan → Not months… years 📉 Lower long-term risk → More buffer if rates rise or life changes 🔓 More freedom, faster → Build equity sooner → Refinance or invest earlier You don’t need to double your repayments. Even small, consistent extras make a massive difference. The goal isn’t just a home. It’s owning it sooner. As a side note also
755 views
4 months ago
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Harley Giddings on Instagram: "Extra repayments add up. This is assuming a 500k loan balance, with a 6.00% variable rate & the repayments are P&I. Now I’m not suggesting that you rush to make extra repayments, it ultimately depends on your goal. For some people they want to pay off their loan as soon as possible, for others they’d rather put the extra funds towards other investments. There is no right or wrong way to do it, only the way that makes you feel comfortable sleeping at night. Some peo
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10 months ago
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SAVE $1000s!!! Mortgage Calculator in Excel with Extra Payment | DO IT YOURSELF in 5 Minutes!
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