Become debt free and save money.

Your mortgage is likely to be the biggest debt you will ever have and most of us would like to repay that debt as quickly as possible.

At The Lending Department we show our clients a variety of ways of repaying the loan quickly to save as much money as possible over the life of the loan.

Becoming debt free

Most lenders offer a maximum loan term of 30 years. This means that you can take 30 years to repay the loan, however you are able to repay more rapidly if you wish to. Your mortgage is likely to be the biggest debt you will ever have and most of us would like to repay that debt as quickly as possible. It doesn’t take much in the way of additional payments to make real savings over the life of your mortgage.

Consider this: an extra $50pw payment on a $400,000 mortgage would save you over $100,000 in interest costs!

There are number of ways to increase your mortgage repayment. Here are some suggestions:

  • Use Revolving Credit accounts to maximize your interest savings and repayments
  • Increase your monthly mortgage payment
  • Make lump sum repayments
  • When interest rates go down, keep your payments at the same level
  • Pay fortnightly instead of monthly
  • Draw up a budget and monitor that regularly – find out what you’re wasting money on, and pay it against the mortgage
  • Prepay the first monthly payment

Contact us now to review your mortgage and let us help you to repay your loan more quickly – you could save thousands of dollars!

Our Process


Initial Conversation

The initial conversation is where we get to know you. Who you are, what your goals are and how we can help. By the end of this meeting you should have a clear idea of what our plan is and how we are able to assist you.


Information Gathering

This is where we flesh out the details from our first conversation, you will complete a Fact Find and Statement of Position and provide all the supporting documentation necessary, we will compile this into a clear loan application.


Approach Lenders

We then submit this application to the bank on your behalf and work through any issues until we have an approval. If there are any conditions on this approval, we will work with you to have them satisfied so that you can purchase unconditionally.


Structure and Rates

This is where we negotiate interest rates on your behalf, then assist you in deciding how you will structure your lending. The correct loan structure can save you thousands of dollars over the life of the loan, so we take this meeting very seriously.


Ongoing Service

Our commitment to you does not end when your loan is settled. We will be here to look after your financial needs for the rest of your life. We will assist you when your interest rates need to be re-fixed, or if you have a change of circumstance.

Expert advice you can trust

We’re committed to providing you with a personal and simplified approach to lending. Our experienced lending experts will not only save you time and money but will ensure the entire process is straight-forward and easily understood.