The Courier-Mail


Spring into the sea­son with five easy ways to get ahead on your home loan, writes


Many home loan cus­tomers have no idea what their in­ter­est rate is so phone your bank, look online or pull out your latest home loan state­ment.

Fig­ures from com­par­i­son web­site RateCity show the av­er­age stan­dard vari­able rate on a $300,000 30-year home loan is 4.67 per cent and the monthly re­pay­ments are $1550.

On the same loan the av­er­age three-year fixed rate is 4.46 per cent and the monthly re­pay­ments are $1512.

So if you are pay­ing more than this, then you can quickly work out whether you are pay­ing too much.

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