About Us
Loans have never been so flexible, varied and competitive as they are today. That's why you have to consider your own current situation and where you want to be. It's like before buying a car, if you have two kids and a dog, a sexy sports car, while appealing, just won't be much fun after a while.
The idea of owning your home debt free in a short amount of time is so appealing.
So how do you pay your home off sooner?
We would love to say there is a magic trick that allows you to spend freely and still pay your home loan in half the time, but unfortunately we can't - because there is no magic trick.
However, there are some very practical steps that you can take.
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The most obvious and important one is to make larger and more regular payments on your loan.
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The second is to refinance at a lower interest rate.
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And the third is to restructure your loan to include features that help reduce your mortgage.
In light of the above, you may instantly say to yourself "But I don't have extra money to make larger regular payments on my loan."
That's where Go Loans can help. There are several ways to free up cash, and perhaps the most obvious is debt consolidation. Debt Consolidation is where you package all your debts (such as your car loan, credit cards, home loan etc.) into one new home loan. This combined loan usually has a much lower interest rate than that of your different personal loans and credit cards. As a result, the new minimum monthly repayment on this single loan will be lower than the combined total of the individual loan repayments.
The difference between the new payments and the old payments can be used as additional payments towards your home loan - therefore reducing your home loan quicker.
If you are a property investor or simply looking at purchasing your first investment property, contact us today to find out more