Good Advice

Should you make weekly, fortnightly or monthly mortgage repayments?

While generally the most logical option is to match your repayments to your income frequency, if you want to save on interest or pay your loan off quicker, then there might be a better way. Here, we take a look at the different repayment frequency options so you can choose what the right repayment frequency is for you. Weekly If you get paid weekly, then making your mortgage payments weekly probably works well with your budget. As interest is usually calculated daily on your outstanding mortgage balance, by making more frequent payments you will usually be saving on interest...

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