It is my personal opinion that, when rates drop it is time to increase you payments…..why?
Increasing you payment amount or at very least keep paying the same keeps you ahead of the interest cost on you loan.
Increasing the frequency you make your payments ie. Paying weekly has a compounding effect when combined with the above.
Use the loan calculator on this website to work out the effect of paying just $100 extra per week OR call us to help you work it out.
Carlweston
