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Sometimes unforeseen circumstances can make it challenging to meet mortgage repayments. In some scenarios, lenders can offer a mortgage deferment for a set period of time. This can save you in the short term, however it is important to note that the interest continues to accrue even when it is deferred, and will be added to the amount owing. This means you could end up with a higher monthly payment once the deferral ends and the total interest payable could be higher over the life of the loan.
This calculator can help you determine how much a payment pause could cost. For more help about whether you can defer your loan repayments or how much it will cost, speak to your broker.
No two loans are the same and there are a number of costs to weigh up. Compare two side by side to see the difference.
Understand how much money you have coming in compared to what you spend using this calculator to help you identify where you could save.
This calculator can show you how long it will take to pay off your balance.
Our Customer Care team is available weekdays, 8:30 AM to 5:30 PM (AEDT).
With over 600 mortgage brokers throughout Australia, we’ve likely got someone just around the corner from you.
Looking for a career change? We’re committed to working with you to achieve your goals.
Send an email to customercare@loanmarket.com.au to get in touch.
Our Customer Care team is available weekdays, 8:30 AM to 5:30 PM.
With over 650 mortgage brokers throughout Australia, we’ve likely got someone just around the corner from you.
Looking for a career change? We’re committed to working with you to achieve your goals.
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The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
*Your broker may charge a fee to cover additional time required by their team. Any fees will be discussed with you in advance so you can make an informed decision before proceeding with your application.
