Mortgage Calculator
Important notice: All computations are for illustrative purposes and do not constitute advice or a guarantee of a loan approval.
Want to know how to pay off your home quicker?
Understanding How a Mortgage Works
The average home buyer will secure a home loan with a principal and interest loan. The principle is the amount of money you loan from the bank. The interest is how much the lender charges you while you repay the loan.
When you make payments towards your home loan, each payment will first cover the interest and the remaining portion will be allocated to the principal. This is why making extra repayments or paying more regular repayments can help to reduce your home loan interest and principal quickly. You can see how this works using our extra repayment or fortnightly repayment calculators. Or, schedule a chat with our experienced property education team today and we’ll answer all your questions.
Longing to be mortgage-free?
Our How Long to Repay Mortgage Calculator is just the beginning…
Wanting to pay off your home quicker is one thing, knowing all the ins and outs of how to do it right is another. That’s where our experienced property education team can help.
Paying off your property is an exciting and rewarding experience. Whether you’re a first home buyer, looking to refinance, a frequent mover, or an investor, finding the right strategy to suit your unique mortgage is the key to success.
With hundreds of home and investment loans from a range of banks and lenders, it’s easy to become confused and stressed by the process.
As one of the leading mortgage brokers Melbourne has to offer, our specialists at The Property Education Company can help you navigate through your options, making the process as easy as possible.
Advantages of working with an independent mortgage broker
- Being treated as an individual, taking into account a range of different factors, such as income, savings, and credit history, specific to you
- Looking at and comparing a wide variety of different mortgage options offered by financial institutions
- Negotiating more competitive interest rates and monthly repayments
- Handling all the paperwork throughout the application process
- It doesn’t cost more than going to a bank directly
At The Property Education Company, we make the home loan application process both intuitive and seamless for you. As award-winning mortgage brokers, we’re authorised to deal with all the major lenders, including ANZ, National Australia Bank, Westpac, the Commonwealth Bank of Australia, and Macquarie, as well as many second-tier lenders and credit unions.
With such a wide range of options, we are certain to find the mortgage that’s right for you.
A Melbourne mortgage broker who works with you
We make sure you get the right home loan for your needs, so speak to a friendly staff member today
