Home / Home Loans / 45% overpay their mortgage

45% overpay their mortgage

15/09/2011

Mortgage overpayments can sharply reduce the size of a loan on a family residence and is a great way to save money.

About 45 per cent of people who hold mortgages pay more than their minimum payments, despite concerns about their personal finances, new research from lenders mortgage insurer Genworth Financial shows.

But more than four in five Australians said they were worried about how the rising cost of living would affect their finances, especially their ability to pay into their mortgage over the next 12 months.

Source: The Age



Previous Article  Next Article


Popular Mortgages $250k

 



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
UHomeLoan - Refinance only (incl 0.20%p.a lifetime Loyalty Discount) 5.83
Dream Loan Express 5.95
State Custodians Standard Variable Offset Loan 6.02
MyRate.com.au - Advantage Rate Loan 6.15
Member Package Ultimate Offset Account 6.19
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS