Spotlight on Home Loans: The easiest $2,500 you will ever make…

The thought of paying the mortgage installment each month makes most people weak at the knees, and not in a good way…The majority of home owners in Sydney pump their salaries into home loans and are left with no disposable income.

Loan Market has devised a way of helping you save $2,500 a year (or more) on your mortgage – With clever planning and negotiation on your behalf, Loan Market can now secure more favorable interest rates on smaller mortgages. What does this mean for you?

1. You can choose to reinvest that money – on the smaller loan the saving is +/- *$149 per month, this will reduce your mortgage by a whopping 3 years and 2 months – an overall $43,329 over the life of the loan!
2. Go on that exotic holiday you have been dreaming of but couldn’t afford…
3. Renovate your house – you can now afford to get rid of your 1970’s green bathroom…
4. Finance a new car…
5. Open up a college education fund for your kids, need I say more?

Here is how to take advantage of the above:

1. Hard way: Attempt to renegotiate your interest rate with current provider.
2. Easy way: Simply call Loan Market who will do the all the running around for you, it will take 1-2 hours of your time and they could have the refinance completed in 3-4 weeks.

*calculations are based on $500 000 loan with an assumed current interest rate of 4.5% and a comparable potential interest rate of 3.99%