Forget interest rates, here’s the real key to getting mortgage-free faster
A few tweaks to your mortgage could set you free years earlier. Photo / 123RF
Recent cuts to the Official Cash Rate and the potential for more to come will be a relief for many borrowers, but one financial adviser says the real game changer in getting mortgage-free faster isn’t the interest rate.
Financial adviser at enableMe, Shelley Palman, told Nadine Higgins on podcast that while rate cuts take pressure off, those savings don’t automatically result in progress. Changing your financial behaviour does.