Have Your Income Paid Directly Into Your Home Loan

July 16, 2014/Tip of the week

Manage your day-to-day expenses on a credit card with an interest-free period.
Provided you are careful to keep track of your expenses, this may be one of the best ways to use your existing financial resources to reduce the cost of your loan. Linking income and expenses to your home loan puts you in control of your finances, and allows you to keep as much money as possible on your loan for longer – where it can work to reduce both the term of the loan and the interest.