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There are many ways we can help you reduce the cost of your mortgage.
By paying fortnightly rather than monthly you make approximately two
more payments per year, shortening the life of your loan. This is easy
to do when you coincide your payment with your pay cycle.
If you decide to contribute extra money to each payment and deposit large
amounts like your tax return and any bonuses, you can considerably shorten
the life of the loan as well as save on interest. This means that each
payment contains a greater proportion of principle.
ANZ Mortgage Offset Accounts can help you own your home sooner and save
thousands of dollars in interest repayments.
ANZ One
is a cheque or savings account linked to your home loan that has a 100%
mortgage offset facility. Quite simply, it makes the most of your available
funds by reducing the interest payable on your ANZ Loan whilst providing
the flexibility of an everyday transaction account.
The most benefit gained from your
ANZ One
account is by depositing all funds into it, including salary and savings
and using your ANZ credit card for your day-to-day purchases and bill
payments. You then pay the card balance off in full when due. Taking
advantage of the interest-free period on your credit card will help you
leave more money in your ANZ One account for longer and as a result save
on interest.
Possible interest savings with an ANZ One account could amount to thousands
of dollars and thereby cut years off your loan term.
Use the 100% Mortgage Offset Calculator to see how much you are able to
save in interest.
If you have a credit card that has a rewards program you will also earn
reward points.
The
ANZ Home Loan Selector
will help you find the loan that best suits your needs.
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