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An introduction into Mortgage Minimisation

Fusion Finance can help you own your own home sooner

In recent years lending institutions have had to become more competitive with their products, as borrowers demanded more control of their ability to repay their mortgage. The most common question now asked by borrowers is "Can I own my own home sooner?" - The answer is "Yes". The way in which your loan is structured gives you the ability to save dollars and, in effect, reduce the overall term of the loan.

Basically, Mortgage Minimisation Products put every dollar you earn to work against your debt. Instead of having money in various accounts, all your income and savings are deposited into one account that is offset daily against your mortgage. Your required loan repayments are still drawn from this account, as per the terms and conditions of your loan, but any money you have above this remains in your account - reducing the daily interest charged on the balance of the loan. Over the life of the loan this can produce quite substantial savings - more noticeable as your loan balance reduces over the term of the loan.

You may also link this account to a credit card facility, living off the card for the interest free period and then paying out the card on the last day of the interest free period via an 'auto-sweep' (automatic) payment. Therefore you use the bank's money to live on for the interest free period and systematically save the interest on the home loan debt.

The first step to financial freedom is being in control of your lifestyle. We have included on our website a budget planner to assist you with this process. Filling out the budget and sticking to it will assist you to set realistic goals and plan for the future.

Contact Fusion Finance today for more information on any of our loan products. We look forward to the opportunity to help you.