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While the general rule of thumb is to match your repayments to your income frequency, if you want to save on interest or pay your loan off quicker, that might not be the best option.
Here, we take a look at repayment frequency options to help you choose the right repayment frequency for you.
… View moreWhile the general rule of thumb is to match your repayments to your income frequency, if you want to save on interest or pay your loan off quicker, that might not be the best option.
Here, we take a look at repayment frequency options to help you choose the right repayment frequency for you.
WEEKLY
If you get paid weekly, then making your mortgage payments weekly is probably the best option.
By making more frequent payments, you will usually be saving on interest costs, as interest is usually calculated daily on the outstanding balance – so by paying weekly, you are paying down the principal amount faster. It might not seem like a lot, but it does add up…
By making four weekly payments, you will save interest compared to paying once a month. However, it does depend on how your mortgage repayments are structured to be repaid.
If they are structured to be paid weekly, then you probably won’t be making much in the way of interest savings, as that will already be factored into the total interest cost; if, however, your payment schedule is set up as monthly or fortnightly, then making more regular payments should save you interest.
FORTNIGHTLY
If you get paid fortnightly, but have your mortgage repayment frequency set up as monthly, you could then pay half the monthly mortgage payment each fortnight (which will save interest) or the full amount every second fortnight and pay your other bills on the other fortnight.
This may be most beneficial if your other bills are a similar amount to the monthly mortgage payment.
If you do make your payments fortnightly, but your loan schedule is monthly, paying half your required monthly payment each fortnight will provide two benefits – you will save on interest from making more regular payments AND your loan could be paid off quicker, as you will end up making an additional repayment each year (as there are 26 fortnights in a year, which is equal to 13 monthly payments).
MONTHLY
While making one monthly payment may not give you the potential interest savings that more frequent repayments can, it does make sense if you only get paid monthly – because making your payments late will cost you more in interest and fees in the long run.
However, if you do only make your payments monthly, paying a little bit extra each time will help you to reduce your interest costs and your loan term.
Despite an increase in household recycling Upper Hutt residents recycle less than half than half that of their regional neighbours.
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Comedy mixes with music in this fast-paced, colourful, and entertaining adaptation of Rossini’s The Barber of Seville from New Zealand Opera.
Almaviva loves Rosina, and Rosina loves Almaviva. But Bartola stands in their way. So Almaviva turns to his barber, Figaro, to help him out. With a few… View moreComedy mixes with music in this fast-paced, colourful, and entertaining adaptation of Rossini’s The Barber of Seville from New Zealand Opera.
Almaviva loves Rosina, and Rosina loves Almaviva. But Bartola stands in their way. So Almaviva turns to his barber, Figaro, to help him out. With a few good tunes and his razor-sharp wit, will Figaro win the day or will Almaviva be “hair today, gone tomorrow’?
One day only – get your tickets!
Visit Chilton Saint James School during March for one of our Open Days, Friday 22 March, 9.00am - 11.00am or Sunday 24 March 1.00pm - 3.00pm.
Discover what makes Chilton the best choice for girl’s education in Lower Hutt. Experience our small classes from Preschool through to Year 13, and our … View moreVisit Chilton Saint James School during March for one of our Open Days, Friday 22 March, 9.00am - 11.00am or Sunday 24 March 1.00pm - 3.00pm.
Discover what makes Chilton the best choice for girl’s education in Lower Hutt. Experience our small classes from Preschool through to Year 13, and our strong academic focus with an internationally recognised curriculum.
Chilton offers specialist teachers including Te Reo, Dance, Music and Art, all within a safe, supportive, and nurturing environment.
At Chilton, you can also discover our Dance Centre, free before school care, and a wealth of extra-curricular activities for your daughter.
Fundraising – for cottage maintenance
Miro St Cinema Tuesday 26 March 2019: Film to view: Stan & Ollie
Come for 7pm for film starting at 7.30pm for viewing.
Cost is $20 per ticket each
We will supply nibbles. Drinks purchase from the Cinema.
Raffles - bring your loose change!
30 … View moreFundraising – for cottage maintenance
Miro St Cinema Tuesday 26 March 2019: Film to view: Stan & Ollie
Come for 7pm for film starting at 7.30pm for viewing.
Cost is $20 per ticket each
We will supply nibbles. Drinks purchase from the Cinema.
Raffles - bring your loose change!
30 tickets still available, Contact Yvonne or Janice.
RSVP as soon as possible.
Golder Cottage, 707 Fergusson Drive, Upper Hutt
www.goldercottage.co.nz... & Facebook page
(04) 5278285 Email: vibranthv@gmail.com
Monster high dolls in any condition. Love to hear from enyone who's be interested selling thanks so much
Maria
Making the decision to move into a retirement village can be a daunting experience. With so many things to consider, we want to make the process a little easier.
Visiting a village is the best way to obtain a true appreciation of what life will be like, take in the sights and sounds, and observe… View moreMaking the decision to move into a retirement village can be a daunting experience. With so many things to consider, we want to make the process a little easier.
Visiting a village is the best way to obtain a true appreciation of what life will be like, take in the sights and sounds, and observe the general atmosphere. Find out why Bill and Leonie from Jane Mander Retirement Village in Whangerei, found the support and care they needed from the village community.
Hard nights? Feeling a bit 'hairy' in the mornings, are you?
Well, luckily, Hairy Lemon was specially formulated for you. We have Hairy Lemon at our amazing Super Special Price of just $7.50 !! (rrp $15.99) while stock lasts.
It's designed to assist anyone leading a busy lifestyle,… View moreHard nights? Feeling a bit 'hairy' in the mornings, are you?
Well, luckily, Hairy Lemon was specially formulated for you. We have Hairy Lemon at our amazing Super Special Price of just $7.50 !! (rrp $15.99) while stock lasts.
It's designed to assist anyone leading a busy lifestyle, to recharge.
Just pop a Hairy Lemon tablet into a glass of water and watch it fizz into a pleasant tasting, refreshing drink to help you recover your energy, recovery, stamina and endurance. FREE tasting instore now !
Dappled tan camouflage uniforms stand out on the streets of Upper Hutt - having the opposite effect …
Would you like to help out in the effort to make Pinehaven pest free? If so, then join Pest-Free Pinehaven. We have rat tunnels with traps available for a donation of up to $20. We’ll show you the ins and outs of setting your trap and how to register it in our online database. If you already have… View moreWould you like to help out in the effort to make Pinehaven pest free? If so, then join Pest-Free Pinehaven. We have rat tunnels with traps available for a donation of up to $20. We’ll show you the ins and outs of setting your trap and how to register it in our online database. If you already have a trap then you can still join by registering your trap with us and contributing your catch data.
We also provide advice on trapping other pests like possums and stoats, and are working on a trap library for these more expensive traps.
We currently have 65 traps in our network. We need your help to reach our current 200 trap goal. Let’s together make Pinehaven pest free, helping make New Zealand predator free by 2050.
So email pestfree.pinehaven@gmail.com to get trapping!
Pest-Free Pinehaven is part of Pest-Free Upper Hutt, a community group of volunteers with an interest in eradicating rats, stoats, weasels, ferrets and possums from our parks, reserves, backyards and waterways with the aim of restoring birdlife and native bush. Please note that cats are not targeted.
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