Wizard Home Loans

Wish your home loan would magically disappear? Unfortunately there is no quick-fix, short of a large inheritance or windfall of some kind, but there are some simple steps you can take to make an effort to clear your Wizard home loan debt sooner.

One of the simplest ways you can do this is by switching your Wizard home loan repayments from monthly to fortnightly. This simple change alone can save you thousands of dollars in interest and potentially slash years from the term of your Wizard loan.

How? Making monthly payments will equate to a total of 12 payments over a year. There are 26 fortnights in a year, so 26 fortnightly repayments equates to 13 monthly payments. Just one repayment more per year means you work on paying off the principal of your Wizard home loan sooner, which means you pay less in interest.

Imagine what you could buy in David Jones, Myer, Target or Bunnings for $50. Some clothes, home wares or hardware a few bits and pieces and the $50 would easily be spent. Now imagine what you could buy for $7,000.

With Wizard Home Loans Fast Card Membership Rewards, you need to redeem an unbelievable 7,000 reward points in order to receive a $50 gift card for a retail store including the options above. The Membership Rewards system means you earn one point for every dollar you spend on your Wizard Fast Card credit card, so a $50 gift card means you would have to spend $7,000 on credit. Just think of the many other ways you could use $7,000, for example to build your wealth rather than increase your debt.