Your Mortgage Is Costing You More Than You Think скачать в хорошем качестве

Your Mortgage Is Costing You More Than You Think

Paying off your mortgage early in Australia could save you hundreds of thousands in mortgage interest. In this video, I explain how an Australian home loan works, why a 30 year mortgage costs far more than most people realise, and whether you should make extra repayments on your mortgage instead of investing in ETFs or property. Using a real example of a $700,000 Australian mortgage at 5.5 percent interest over 30 years, I break down monthly repayments, total interest paid, interest in the first 10 years, and how much of your repayment actually goes toward principal vs interest. If you have a home loan in Australia and are wondering whether to pay extra on your mortgage, use an offset account, or invest in shares like VDHG, this video will help you think clearly about your mortgage strategy. We cover: • How mortgage interest works in Australia • 30 year home loan interest breakdown • How much interest you pay in the first 10 years • Extra repayments on a home loan • Offset account vs extra repayments • Paying off mortgage early vs investing in ETFs • Vanguard VDHG returns comparison • Guaranteed return of reducing mortgage interest • Financial freedom and becoming mortgage free • Personal finance strategies for Australian families The average Australian mortgage is around $700,000. Over 30 years at 5.5 percent interest, total interest can approach $730,000. In the first 10 years alone, you could pay more than $350,000 in interest. That is why understanding mortgage amortisation, principal reduction, and extra repayments is critical if you want to build wealth in Australia. This channel focuses on personal finance Australia, wealth building, reducing debt, home loan strategy, investing basics, and practical money decisions for everyday Australians. If you are trying to decide whether to pay off your mortgage early, invest in ETFs, or balance both, this video breaks down the numbers and the real life impact so you can make smarter financial decisions. Subscribe for more content on Australian property, mortgage strategy, ETF investing, debt reduction, and building long term wealth.