Just did some digging – apparently you can get both the books that you mention via this site:

http://www.mortgagefreeaustralia.com

Also, another great book search service for locating books in Australia is: http://www.booko.com.au

Cheers again,

Jenny.

Thanks for that – I think that the book by Harj Gill might be for the American banking system (he’s an Australian but has since moved there).

Apparently he wrote a book with a similar title (co-authored with Sandra Therry) that is based on our system. I haven’t been able to track that one down anywhere but if I do I’ll let you know.

Cheers,

Jenny

I am struggling to find the books in an Australian bookstore, though I can recommend using Amazon.com to buy books in bulk.

They deliver quickly and postage is free if you buy enough books. I like to buy 5-6 books at a time and save myself the time of having to hunt all over Sydney for them! You can also get a wide range very quickly.

I found the book ‘Own your home years sooner’ for you below;

Own Your Home Years Sooner @ Amazon.com

Regarding linking your mortgage with your high interest savings account, you have a few options.

I previously wrote about offsetting your mortgage using a high interest account – this will give you a better understanding of how you can link your mortgage with your savings account to save on interest payments.

If you are with St.George, they have this option already setup and you will need to talk with them about how to get it. For further information I suggest you read about St.George’s offset facility.

St.George describe this feature as:

Interest is calculated daily and charged monthly only on the net amount (your loan balance less your savings account balance(s) for that day. Unlike a savings account that earns interest, which you must declare to the taxation office and pay tax on, you earn no interest on the balance(s) in your linked savings account(s). Instead it is used to reduce the amount against which interest can be charged on your loan balance. The end result is you don’t pay tax on interest you haven’t earned, and the interest payable on your home loan is reduced.

I hope this helps! Let me know if you have any other questions about linking the accounts?

Regards,

Alex.

Also forgot to ask – How do you go about linking your mortgage with a high interest account? (I already have a couple of the St George Direct Savers)

JH.

Thanks for this post – where is the best place to find these books on reducing your mortgage?

Cheers,

Jenny H.

Great post, would love to read some more bits and pieces from them when you get a chance.

**Note from SavingsGuide.com.au**

Hi Leeroy,

The books are great aren’t they! I love the idea of paying fortnightly if you get paid that frequently as it will get rid of a lot of interest payments!

Thanks for leaving a comment on my blog. With mortgage rates spiking, it is a good idea to pay off mortgage faster but you do have to check for prepayment penalties.