If you find that you have surplus income, a good idea would be to use the additional payment/s towards your bond. This would be for more reasons than one, with the greatest being that you can pay your bond off in a much shorter period than originally expected. Additional payments can also save you a lot of money by lowering total interest payments on your bond. The additional payments calculator helps you find out how much money you will save and by how many years you will shorten the term of your home loan.
The ooba group subsidiaries Property Protector Financial Services and ooba Administration Services are Authorised Financial Services Providers (FSP No’s: 216 & 46293)