Newcastle Couple To Pay Off Their House 8 Years Early
Susanne and Timothy bought their dream home in Newcastle around 12 years ago. Like most people, they had the goal of paying off the house as soon as possible.
However, with three children to raise, rising living costs and the odd renovation or two over the years – Susanne and Timothy often found themselves paying off just the bare minimum every month on their mortgage.
As the kids started to grow up and move out, and as Susanne and Timothy started creep towards the age of 50 – they became a little worried. They still had a 23 years left on their mortgage.
Which means they would still not have paid off their home by the time they retired. That’s when we met with Susanne and Timothy.
We quickly discovered that they had not checked if they were eligible for a refinance on their mortgage.
We walked through and discovered that they were eligible for enormous savings.
In fact, Susanne and Timothy were able reduce their remaining loan term from 23 years to 15 years without needing to pay a single cent more than they were before – a huge 8 year reduction.
Best of all, it took them just 27 days to get sorted.