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How To Pay Off Your Mortgage Faster
April 13, 2023 jun Strategy Session


If you’d like to pay down your mortgage faster there are some things you can do:

  1. Borrow less than you can afford – purchase a property that doesn’t use all your borrowing capacity.
  2. Save a large deposit – a larger deposit means a smaller mortgage and less interest.
  3. Increase repayment frequency – switch to fortnightly or weekly repayments which will help pay down your loan faster.
  4. Make higher repayments – boost your repayment amount and pay off your loan sooner.
  5. Use an offset account – reduce the interest on your loan with improved products.
  6. Refinance – compare loan products and find better options that might be able to save you money.




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