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HomeSaver carries a higher rate of interest compared to a normal home loan. So how do I save money?

April 26, 2017carries home loan homesaver normal rate save money

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HomeSaver carries a higher rate of interest compared to a normal home loan. So how do I save money?

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HomeSaver allows you to save on your interest cost, even if the interest rate is higher. By keeping your surplus funds in your HomeSaver account, you bring down the interest component that has to be paid, and you save on the remaining.