Home loan next payment date
When you make a one off payment from the Manage home loan option and check the apply to future payments box the next payment date does not update and shows my payment due as the next weekly date. It makes keeping track of how far you have paid in advance difficult. Could not the date change to take in account prepayments you have made and show the date when the next payment will be taken from your funding account after all the prepayments have been applied.
Or add the option of an offset account
This is a reall good idea. I'd love to be able to see my estimated payoff date based on all the extra repayments I've made so far. And please don't suggest us to use the internet - just build the feature - isnt that the purpose of us putting in ideas?
Hi Caitlin, I definitely understand where you're coming from. Currently we don't have a calculator that does do this, however you may find a calculator on the Internet (for example, Money Smart) that does the calculation for you. ^Daniel
Like some other banks do, provide an estimated date of paying off a home loan within the account that updates when you make repayments or additonal repayments. Eg pay $2k and see that it has just knocked a few months off the loan.