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How to Reduce Your Home Loan

reduce home loan

Who is not keen to reduce their home loan?

We all have read the ways you can reduce your home loan. Now it is time to actually do it. You might not be able to use all the advise but make sure you do at least one of them. It will save you a lot of money in the long run.

  • Check your current mortgage – you could be paying for features that you never use
  • Reduce the daily balance – interest is calculated on the daily balance and charged to the loan account monthly in arrears
  • Pay fortnightly instead of once a month
  • Schedule extra repayments
  • Make one-off lump sum deposits such as a tax refund
  • Reduce the interest you pay by having an offset account
  • Make sure you have the best mortgage rate available


To read more about the tips listed above read The simple banking hack that could save you $86,000 off your mortgage.

Not sure why you would use a broker?

  • We chase up all your paperwork with your accountant/bookkeeper to take the fuss out of finance for you
  • You will be provided with a suite of product and lender options that best suit your mortgage finance requirements via our panel of 30 + lenders
  • We arrange all the paperwork and proceed to approval
  • There is no obligation to proceed

Commercial Point Finance can help with any type of mortgage. Our most popular home loans:


If you would like to talk to a real person and get free advise without any obligations – call 02 9453 0300