Go Further with EndureGo

Go Further with EndureGo is an aspiration shared by our team members. Our cutting-edge service will deliver the following for you:

  1. Fast instant tax return
  2. Better business performance through effective business coaching and advice
  3. Lower your interest rate to save thousands of dollars off your home loan

In the coming weeks, we will publish weekly to share with you how we can go further with EndureGo in terms of maximizing tax refunds, repaying home loans earlier, and creating more wealth through effective tax planning.

tax refund australia

Tax specialist in Sydney and Adelaide

Go Further with home loan

The first step in going further with a home loan is that we will properly review your situation before getting the home loan that is most comparable to you, we will deliver the lower interest rate to ensure that your home loan works for you, rather than you work for it. We will also review your home loan every year to ensure that your home loan stays fit and lean.

One of the tips which I would like to share with you is that where possible try to use principle and interest as a repayment method rather than interest only. There is not much of a difference between repaying home loans on principle and interest versus interest only. For example for a $800,000 home loan, on a 4% interest rate, the monthly repayment on principal and interest would be $3,819, on interest only it would be $2,666, hence the difference per year would be $13,828. However, if you repaid the home loan on interest only, the total interest expense for 30 years would be $960,000, however, if you adopt the principle and interest repayment method, then the total interest would be $574,856, a saving of $385,144.00.

In the article, we will share with you how an offset account would help you to repay your home loan earlier.