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How to finance a big ticket item in the New Year

By the resi financial blog team, 13 November 2014

What is a top up mortgage

As a New Year approaches, you may be looking to make some bug ticket purchases, such as a holiday or car, children’s education, home renovations or even an investment property. If you’re already set up with a home loan, then a top-up mortgage can help you finance these big ticket items.”

A top up mortgage is suitable for borrowers who already have a mortgage and have built up equity in their home. Basically, a top-up mortgage is a type of loan that gives you access to the equity you have built up in your home by allowing you to borrow additional funds aga ...

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Five ways to reduce your mortgage

By the resi financial blog team, 15 September 2014

Tips to save on your mortgage

It’s always a good idea to try and pay off as much of your mortgage as possible – especially when interest rates are as low as they are now.

Here are five tips that will help make a bigger dent in your home loan.

1. Pay more than you need to
When choosing a home loan, you should be factoring in an interest rate that is at least two per cent higher to ensure you can still make repayments when rates rise. So why not start making your repayments at this higher rate anyway? Not only will you be paying off more of your mortgage but when rates do r ...

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