⚠️ 7 Things You Need to Know About Mortgage Repayments & How To: Pay off your home loan super quick!

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00:00 The seven things you need to know about mortgage repayments and how to pay your home loan off super quick.
00:29 1 - Can you pay off your mortgage with fortnightly repayments?
01:43 2 - Is it better to pay weekly or fortnightly repayments.
03:08 The true benefit in paying fortnightly or weekly repayments.
04:10 Why there's no benefit in weekly or fortnightly repayments.
04:29 3 – How do I calculate fortnightly repayments.
05:54 Half monthly versus True Fortnightly Repayments, which is better?
07:37 4 – What happens if I pay an extra $200 on my monthly repayment?
08:40 5 – How can I pay my mortgage off in 5 Years.
09:30 6 – Do you pay less interest if your repayment is fortnightly or weekly?
10:54 7 – Is it better to go for a 15 Year Home Loan Term or pay extra on a 30 Year Home Loan Term?
12:38 Conclusion
Topics covered in this video.
The formula to pay off your home loan quicker is – pay less interest, pay more repayments and your loan will be paid off lightning fast. Choosing the wrong payment term will cost you. How to pay off your home loan quicker! How to save interest on your home loan. The more money you can put into your home loan the quicker you will be able to pay off your home loan. This is the secret in paying your mortgage off quicker! It is half monthly repayments which pay off your home loan quicker not fortnightly. What happens when you put more money into your repayment, does this pay off my home loan quicker? We clear up the confusion around the benefit in paying fortnightly repayment. What true fortnightly versus half monthly repayments are? There is no benefit to pay your home loan fortnightly or weekly if set up incorrectly. How the banks set up your loan contract. Repayments are typically over a 30 Year Term. 360 Months in Home Loan Repayments. Home loan contracts are locked into month repayment terms.

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