The shorter the loan, the less interest you’ll pay. It’s that simple. Guess why the banks want to lock you into a 30 year loan? Then tempt you to refinance every 5 years? Because just when you’ve been starting to climb that ladder, you slide down that snake and have to start back all over again.
So whenever you refinance, try not to default to a restart. Make sure you refinance with the number of years you have left. Or less!
Athena doesn’t dictate terms, we let you choose the loan term you want. The shorter the better. You should note though, that the shorter the loan term, the higher the periodic loan repayments will be, which is why you pay your loan quicker with less interest.
Arrange a chat with our local Aussie loan experts to find out about flexible repayments when you refinance with Athena.