David Goyen Finance Broker

Paying an extra $10 a week on your home loan and making weekly payments can save you $27,666 in interest and reduces your loan term by 1 year (50 weeks) ....


See below example:

$600,000 Loan at 6.1% over 30 years

If you pay weekly and an extra $10 per week - see results below:

Minimum Repayments: $838.50

Increased Repayments: $848.50

Time saved: 0 year, 50 weeks

Interest Saved: $27,666.46



Here is the link to our calculator on our website where you can customise your Home Loan Repayments to suite your own budget and see how much you can save in interest costs and loan term.


https://australianmortgageassist.com.au/extra-repayments


Email: [email protected]

Ph: 0415 111 165

Australian Mortgage Assist

We are seeing a lot of Social Media Advertising "Guru's" with very good Marketing Packages promoting "how to pay off your loan in 7 years and save thousands of dollars in interest "

.......this is nothing new and they haven't discovered some amazing "hack" to pay your loan off quickly - this has been around since Home Loans were invented.

This calculator and how to achieve it has been available on the Australian Mortgage Assist ( AMA ) website for 20 years -

Here is the link -https://australianmortgageassist.com.au/extra-repayments

Put in your current Home Loan Balance , Your Interest Rate , and how much extra you would like to pay each week and the calculator will show how much you will save and how much you will reduce your loan term by....example

A $600,000 Loan at 6.1% over 30 Years -

If you pay Weekly and an extra $100 per week - see results below :

Minimum Repayments:$553.05
Increased Repayments:$653.05
Time saved: 9 years, 28 weeks
Interest Saved:$168,076.72

If you pay your Home Loan Weekly or Fortnightly you will reduce the Interest Charged and Loan Term compared to paying Monthly.

If you pay above your minimum payment set by the Lenders - you will also reduce the Loan Term and Interest Charged.

The Lenders calculate the interest daily and charge monthly - so the more often you make a payment to your loan and even pay just that little bit extra you will reduce your loan term and interest significantly.

If you would like me to run a scenario on your Home Loan please send me an email to [email protected] or call 0415 111 165 and I will come back to you within 48hrs with the answer.

Alternatively you can click on the calculator link above and you can play around with different additional repayment amounts and see how much and by when you can save on your Home Loan.....

Luv What We Do ....

Australian Mortgage Assist

And they’ve raised them again 0.25%… not good news.

Happy Easter 🐣 to all.

Please note that our office will be closed over the Easter long weekend and will reopen Tuesday, 11th April. 🐰

"Great news for all the homeowners out there! The Reserve has decided to pause increasing rates for the time being. If you're worried about your home mortgage, this should come as a huge relief. Take a deep breath and enjoy the pause for now! "

Australia news live: Labor says tackling inflation in budget remains ‘a key priority’ after RBA holds cash rate at 3.6% Follow live

https://www.theguardian.com/australia-news/2023/mar/01/australias-annual-inflation-eases-to-74-in-january-following-record-run-of-interest-rate-hikes

Some good news for a change. Looks like we might be heading in the right direction again for interest rates.

I’m sure Banks / Lenders do this….customers trying to figure out this Interest Rate nightmare ……If you not sure ”How” to find the answers go with Brokers “Who” do have the know how …..😀

Time to review your home loan?
Let’s find you a better choice!!

Rates up 0.50%

A shout out to my friend Lou Taylor at Taylors Real Estate at Oatlands. So knowledgable about the market and a very successful team. Highly recommended if you're looking for a great agent to look after you.
https://www.facebook.com/taylorrealestateoatlands

Taylor Real Estate - Oatlands Taylor Real Estate - The Right Choice in Real Estate

Another 20% this year? Tell me your thoughts?
It's a massive increase by end of year if true..
https://www.realestatebusiness.com.au/industry/22058-property-prices-will-surge-another-20-in-2021-anz?utm_source=RealEstateBusiness&utm_campaign=03_09_21&utm_medium=email&utm_content=1&utm_emailID=4d49105ed4483f42c7074d2fd98e016fad29307366765d5f875749025d6d4a54

Property prices will surge another 20% in 2021: ANZ Despite the so-called “Delta dampener”, the Australian housing market remains in very good shape. Amid a new wave of lockdowns and restrictions on the housing sector across several states and te

https://www.livewiremarkets.com/wires/where-to-now-for-residential-property-prices

Where to now for residential property prices? After a 2.8% dip around mid-last year in response to the pandemic, average capital city home prices are rising again. Source: CoreLogic, AMP Capital Put simply - record low mortgage rates, multiple government home buyer incentives, government income support measures, pent up demand from the lockdown...

We’re more than just pretty faces we are!! 😂

https://www.domain.com.au/money-markets/what-mortgage-brokers-do-and-reasons-to-use-one-1016218/amp/

What mortgage brokers do and how borrowers can benefit from using one Brokers don't just handle the legwork when finding the best loan. They also help navigate the lending landscape so borrowers can compare apples with apples.

That's great Kath, It's going to be a wonderful year ahead.

Our lowest variable rate since 1978 Talk to a home loan expert

Out an about helping our clients achieve their home buying dreams today.

https://www.moneymag.com.au/ask-paul-clitheroe-good-time-fix-interest-rate
It's anybodies guess as to what's likely to happen with rates. It comes down to how comfortable you are if they rise..

Ask Paul: Is now a good time to fix my interest rate? Paul Clitheroe has argued for nearly 40 years against Aussies fixing their home loan rates, but how much lower can they go?

The benefits of using an offset explained really well.
https://www.smh.com.au/money/borrowing/how-to-save-85-000-on-your-mortgage-for-free-20201002-p561fk.html

How to save $85,000 on your mortgage – for free Money held in a mortgage offset account is netted straight off your outstanding loan balance.

https://www.domain.com.au/news/first-home-loan-deposit-scheme-extended-for-new-builds-price-caps-increased-992809/amp/

This is great news if you’re looking at your first home. The price caps have increased adding extra choices to the properties you can apply the grant to.

Builders back scheme to get more first-home buyers into market An extra 10,000 first-home buyers will be able to purchase with a low deposit if they build new homes, to support tradies' jobs. But experts warned of taking on more debt.

It seems lending is going to become somewhat easier for us all. This is great news!!!
https://www.theguardian.com/australia-news/2020/sep/25/government-to-wind-back-responsible-lending-obligations-to-kickstart-economy

Government to wind back responsible lending obligations to kickstart economy Current consumer protection framework has created risk aversion among lenders restricting flow of credit, it says

Is it a good time to fix your rates? Possibly. It depends on your situation. Talk to me and we’ll review your options.

https://www.realestate.com.au/news/dont-celebrate-rba-flatlining-rates-prepare-for-a-rise-experts/

Don’t celebrate RBA flatlining rates, prepare for a rise: Experts - realestate.com.au Experts are warning homeowners to prepare for a rise in mortgage rates within months, despite the RBA holding rates at 0.25pc today. Here’s why.

The quickest way to save THOUSANDS of $$$...
Refinance now and stop wasting your hard earned.

https://www.realestate.com.au/news/its-taken-a-pandemic-but-43pc-ready-to-ditch-home-loans-now/

‘It’s taken a pandemic’ but 43pc ready to ditch home loans now - realestate.com.au It’s taken the coronavirus pandemic to do it, but just under half of mortgage holders – who lose thousands in “loyalty tax” on expensive home loans – are now ready to kick their financier to the kerb to capitalise on record low rates.

Don't know where to start? Haven't got the time? We make it easy for you to refinance and start saving..
NOW is the time to straighten up your finances...
Rates have NEVER been better.
Call me anytime..
https://www.smh.com.au/money/banking/home-loan-war-heats-up-with-rates-under-2-per-cent-20200723-p55esi.html

Home loan war heats up with rates under 2 per cent The best home loan deals are targeted at new customers who have big deposits, such as those refinancing who have built equity in their properties.

Stamp duty paused for NSW first home buyers to boost construction The Berejiklian government will use stamp duty concessions to boost the state's economy.

This is great news for some first home buyers. It’s really good to see the banks trying to help a bit. Good work St George Bank.

https://www.savings.com.au/home-loans/st-george-reduces-lmi-to-1-for-first-home-buyers

St. George reduces LMI to $1 for first home buyers St. George has announced a bold strategy to help first home buyers enter the property market.

This is great for land buyers that have fallen just a bit short in funds to complete their build too. Could help a lot of people!!

https://www.domain.com.au/news/land-sales-skyrocket-as-buyers-pounce-on-homebuilder-grants-961466/amp/

Land sales skyrocket as buyers pounce on HomeBuilder grants More than 13,800 Australians have already registered their interest in the grant, with buyers in Queensland and Victoria leading the charge to secure land.

I didn’t win 😞 but it was fun seeing on Sky Racing

It’s a photo finish....