Refinance your loan or keep paying through retirement?

Two main topics hit the New Year mortgage news this week, one of which was downright depressing but fortunately the other gave me a hint of optimism about our home loan. Perhaps I'll need a New Year's resolution or two to be able to make the most out of the alternatives to my current mortgage. Anyway, let's start with the bad news: one report out this week suggested that a huge proportion of Australians will still be paying off their mortgage after they've retired. Almost half - 49 per cent, ...
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Saving Money for Your Home Loan

Saving a little money on everyday expenses and adding it to your home loan repayments can certainly help in getting that home loan paid of a little faster. Even if you are saving for a deposit it pays to look at your everyday spending and see where there may be an extra dollar or two to put away. In some cases, it may not mean sacrificing your standard of living, just spending wisely and managing what you have. One of the first steps is to have a budget. Start with listing all your monthly...
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Mortgage Refinancing

There are basically two options most homeowners go with when refinancing mortgage loans, you can either refinance or go with a cash out (line of credit) refinance home loan. When you go with the refinance mortgage route you are basically refinancing your existing mortgage or consolidating debts hopefully at a lower interest rate to save money. Consolidating debts, particularly ones with high interest charges like credit cards and even personal loans or car loans, into your home l...
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