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Interest rates on the way up and how to fight back

Interest rates on the way up and how to fight back

Over the last few weeks the Big 4 have raised their variable Interest rates for some of their home loans.

So, average standard variable rates, of the Big 4, for owner occupiers who pay principal and interest are lying around 5.25% and if you pay interest only this might be 0.2% higher.

What does this mean for you?

Do you want to pay off your Mortgage Faster?

Almost every home owner dreams of owning their home outright, but when you have signed a 30-year mortgage it might seem this day will never come.

So, what can you do to get to this zero-home loan balance sooner.

Here are the good news even small changes can make a big difference, and once in place you might not feel them cramping your lifestyle at all.

Using your $15,000 as your deposit

With the changes to the First Home Owners Grant, you may only require as little as $3500 
Do you want to know how?

Keep on squirreling that money away and your new home will be closer than you realise.

Articles 1 to 10 of 28