Did you know close to 30% of Aussie households are currently facing serious mortgage stress?
This worrying trend means net incomes are not covering ongoing costs in nearly a third of Australian households, that’s up from about 25 per cent in mid-2017.
How can you buck the trend & pay off your mortgage faster? Try to follow some hot tips from finance guru Sam Carello from Napoleon Finance:
- Make smaller payments, more often
- Pay just a little bit extra
- Don’t decrease repayments when interest rates fall
- Offset it
- Find a better deal
Read the full article here https://napoleonfinance.com.au/how-to-pay-off-your-mortgage-faster
Source for stats: news.com.au