Find out how early – and cheaply – a lower mortgage interest rate and/or higher repayment would get you out of debt and powering ahead.
This free app from TheMoneyMentorWay.com identifies TO-THE-DAY and TO-THE-DOLLAR your potential savings in both time and money.
It also automatically calculates the massive, ‘free’ savings you could secure by moving to a cheaper home loan and then keeping your repayments at their existing level. A debt-busting masterstroke!
If you are targeting a particular Mortgage Freedom Date, the unique Mortgage Freedom Date slider lets you see what rate/repayments are necessary to make it happen.
And exclusive tips and tricks from Money Mentor Nicole Pedersen-McKinnon will help you hit your debt-free dream date.
DISCOVER WITH THIS APP…
- How much time and money you’d save from a lower interest rate
- How much time and money you’d save from a higher repayment
- How much time and money you’d save from a lower interest rate and keeping repayments the same
- The total interest you’d pay under every scenario
THIS APP WORKS FOR…
- New home loans
- Loans you’ve begun to pay off
- Loans of up to 40 years’ original duration
- Loans with monthly or twice-monthly repayments
Bring your Mortgage Freedom Date forward years and save a fortune!
Want more forecasting tools like this? Go to TheMoneyMentorWay.com to discover the date you could be entirely debt-free – NO mortgage, NO personal loans and NO credit card debts. PLUS find out how soon you could hit all your longed-for money goals, from the holiday of a lifetime to early retirement. Money Mentor Nicole Pedersen-McKinnon’s powerful and personalised forecasting system also captures your precise mortgage-busting boost from astute offset account use.
Visit TheMoneyMentorWay.com to model your best money move, lock in the optimal strategy and plot a path from debt to prosperity.
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Ratings and Reviews
This is a good simple app for calculating changes to mortgage payments. Should help people save money. It would be great if it had all the other great features on the web site. I like to track and visualise my savings over time it would be great if there was a simple feature to graph savings over time on a bar graph.
So good to see the calculations done so quickly. Easy to make comparisons for different financial circumstances.
Very useful and easy to understand
Up to six family members will be able to use this app with Family Sharing enabled.