How can you pay off your home mortgage or home loan faster? There are many things you can do. Here are some tips from everyday Australians who are repaying their mortgage like you. 1. Make fortnightly repayment instead of monthly. You have to take advantage of the fact there’s 12 months in the year, but …
Reserve Bank lifts interest rate by 25 basis points on 04/06/2010
Homeowners face another increase in their mortgage repayments after the Reserve Bank of Australia (RBA) raised its official cash rate by 25 basis points to 4.25 per cent on 04/06/2010. The cash rate has not been this high since February 2009. The 0.25% rise will add around $49.05 per month to repayments on an average mortgage …
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