Star Homeloans

Does redraw reduce interest? Learn how a redraw facility lowers mortgage interest & helps you save money. Contact Star Home Loans Now. Blog link: Does Redraw Reduce Interest

When managing your home loan, one of the key decisions is how often to make your repayments. Many homeowners wonder: Is it better to pay a mortgage weekly rather than monthly? Understanding the difference can help you save money and pay off your loan faster. Benefits of Paying Your Mortgage Weekly Opting to pay your mortgage weekly can have several financial advantages: Faster Loan Repayment: Making weekly payments allows you to make 52 smaller payments a year instead of 12 larger monthly payments. This results in an extra month’s worth of repayments each year, reducing your loan term. Lower Interest Costs: Since interest is calculated daily, more frequent payments reduce the outstanding balance more often, lowering the interest you pay over time. Better Budgeting: Weekly payments align with weekly income cycles, making it easier to manage cash flow. Monthly Mortgage Payments – Are They Better? While paying monthly is the traditional method, it may not offer the same savings benefi...

How to decide on choosing a mortgage repayment frequency? There are some factors that you need to consider when choosing a mortgage repayment frequency. The following factors can help you choose the right repayment frequency: Income cycle: How often you get paid will decide the repayment frequency. For example, if you get paid weekly, then you can choose weekly mortgage repayment, if you get paid fortnightly or monthly, then choosing fortnightly or monthly repayment frequency will make sense. Your income cycle can better help you choose the right mortgage repayment structure. Cash flow and budgeting: If you make weekly or fortnightly repayments, then you have to manage cash flow more frequently. On the other hand, if you prefer a less in-depth methodology to budgeting, you can choose monthly repayments. If you choose weekly or fortnightly repayment frequency, then you can pay off your mortgage faster. Interest savings: Repaying more often can save you on interest, but it’s crucial to d...

Learn why your credit score matters, as it can affect loan approval, interest rates, and refinancing. Contact Star Home Loans call at 1300 782 745. Blog link:   Why Does Your Credit Score Matter to a Mortgage Broker For 25 years, Star Home Loans has helped several Australians with different types of financial services. We are faster because our clients can quickly get funds and pay them off. We have made the process of approvals simpler and easier even when refinancing comes to play its role. We have built a team of experts with a focus on producing top-notch customer services and strategic home loan suggestions. For your unique requirements, we have years of experience and knowledge to find the right home loan for you. Locate Us: Suite A217, 20 Lexington Drive Bella Vista NSW  Call Us: 1300 782 745 Email: info@starhl.com.au Our Services: First Home Buyer Grant Melbourne

Planning to buy your first home in Melbourne in 2025? You could qualify for one of the many first-home buyer grants and schemes available across Australia. Think of it as a helping hand from the government – a way of saying, “We know buying a home is tough, so we’re here to assist”. Let’s dive in. This is your complete guide to  first home buyers grant in Melbourne  and schemes available at both the federal level and across each state and territory in Australia. Blog link: First Home Owners Grant Common Questions Answered