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People pay off mortgages earlier – Westpac
Friday 18th of February 2022
The bank said 68.1% of its home loan customers were ahead of scheduled mortgage payments at the end of last year.
That was a jump from 65.9% a year earlier.
The median value of these advance payments was $11,022, equivalent to 10.5 months of payments.
That was up from $9,657 and 9 months at the end of 2020.
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