Now is the time to take advantage of falling home loan interest rates and pay off your mortgage quicker, saving you thousands.
Falling interest rates are turning many Australians’ minds to their mortgages, and are creating a big opportunity for people to pay off their home loans much faster.
The Reserve Bank last week left its official interest rate on hold at a record low 1 per cent, but two rate cuts since June — and expectations by economists of more to come — have made now an ideal time to attack your mortgage.
However, millions of borrowers have no idea what interest rate they are paying, when their mortgage rate last changed, or the best ways to get rid of their largest debt.
Home loan specialists say it can start with small steps.
Read their strategies here.
