Finception | Financial service

Finception

Phone: +61 409 383 838

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20.01.2022 The team at Wealth Collective breaking it all down......

13.01.2022 "Round Up" Rounding up your repayment to the nearest $100 is a great way to pay your loan off sooner. A quick example is a $400,000 loan (rate of 3.57%) over a 30 year term. This equates to a monthly repayment of $1,812. By rounding this up to $1,900, you can pay your loan off 2 years and 4 months faster.... Who doesnt want to save $22,636 in interest.

12.01.2022 Ever wondered about construction loans..........

08.01.2022 Are you across the recent changes?????? https://finception.com.au//credit-report-changes-don%E2%80

05.01.2022 "double your dollar" A magic account that lets you "double your dollar" is called an offset account. It is a savings account that runs parallel to your home loan account and nets off 100% of the money in that account against your loan balance. So if you have a $200,000 mortgage and $20,000 in your offset account you only pay interest on $180,000. ... All this allows you to pay your loan off sooner and "double your dollar".

04.01.2022 The cash rate has hit a new record low of 0.5% What does this mean for you? Touch base today and find out.

04.01.2022 What an amazing day for home owners or those looking to join the club. If you are unsure about the new Home Builder grant and what it means, touch base and see how you can say "yay to $25k".

02.01.2022 Pay fortnightly rather than monthly. Why? If your repayments are calculated monthly, changing these to fortnightly payments is an easy way to help you save. As there are more than four weeks in a month, paying fortnightly could mean that you are paying off an additional months worth of mortgage every year, helping you to reduce the principal faster.