With interest rates beginning to rise, many Australians are searching for ways to get on top of their debt sooner. But where do you start?
1. Find a lower, competitive interest rate
2. Stay away from ‘Interest-Only’
3. Unlock the power of redraw and offset
4. Increase your regular repayment amount
5. Make extra lump sum repayments
DISCLAIMER: This article contains general information only, and is not general advice or personal advice. Wisr Services does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.
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*The comparison rate is based on a loan amount of $150,000, over a 25 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product. Fees included in the comparison rate include: Application Fee, Settlement Fee, Estimated Solicitor Document Preparation Fee, Estimated Valuation Fee
s , Discharge Fee, Annual Fee if applicable and Offset Fee if applicable.^Offer only available for existing Wisr customers. Application must be received by the 31st July 2021