7 Ways to pay down your Home Loan sooner

You don't need to win the lottery to pay off your home loan. There are a number of great strategies for reducing your loan balance and saving thousands in interest repayments. It's never too late to begin, so pick and choose which of the following work for you.

1. Switch to weekly/fortnightly repayments
Pay fortnightly or weekly instead of monthly. Mortgage interest is usually calculated on a daily basis so the more frequently you pay, the more you will save, even if you are not paying any more than you did previously.

2. Make extra repayments
Extra funds have the immediate effect of reducing the loan balance. Every dollar you put on your repayments will reduce the principal and therefore the interest payable next repayment. This saving then compounds, making a significant impact over the life of your loan. Your loan's redraw facility offers an easy and efficient way to apply these additional payments.

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The Future comes to Curlewis Parks

The future is arriving early at the Curlewis Parks residential land development in Drysdale with the announcement that they will be providing optic fibre cabling throughout the estate.

Multiple communications services such as very high speed Broadband internet, traditional telephone, Free-to-Air TV (FreeView), Pay TV (Foxtel, FetchTV) and security services (alarm monitoring and/or CCTV) are all delivered using a single Fibre Optic cable.
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Burbank to deliver 800+ apartments in Dandenong.

Burbank’s major involvement in VicUrban’s ‘Revitalising Central Dandenong’ initiative continues, with the builder/developer acquiring three development sites at Dandenong’s Metro Village 3175 that in total will yield over 800 apartments.   Read More

Carbon Tax and Building - your thoughts?

Builders Home Plans are interested in your thoughts about the impact of the Carbon Tax on residential building.
Master Builders have commented - read here

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