Pay your mortgage
off faster

Getting your home loan paid off faster gives you options

When you first buy a house and you get your first home loan, it my feel like you may never pay it off. Hundreds of thousands of dollars and payments that feel like an insignificant amount of principal is being paid off each time. With home loans generally being over a 30 year term, they can feel like an insurmountable debt to repay. 

However, after a bit of short term pain, a few years of potential salary increases and some additional equity in your new home, the option of paying your mortgage off faster can become a reality. The benefits to paying your mortgage off faster include more financial freedom and giving you options further down the track. These options may include being able to invest more, to do some improvements on your home, being able to upsize or build when needed or just to generally give you the financial freedom you want in life. There are lots of small things you can do that, working together, can help you pay your mortgage off much faster. 

Contact us about how to pay mortgages off faster

We love hearing about your plans and goals for your properties and home loans and there are a lot of options & ideas that can help you pay your mortgage off quicker including:

  • Increase from minimum payments
  • Pay a lump sum
  • If your interest rate drops, keep your payments the same
  • Bump up your payments 
  • Consolidate high interest debt 
  • Make a budget
  • Refinancing to another bank
  • Using Revolving Credit

Get in touch and let's talk about how your loans are structured & how you can pay your mortgage off faster. 

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Book a time with an expert

For My Mortgage, home loans are all about people and stories, not numbers and dollars. By booking a time to speak with one of our expert team, we can give you free advice, guidance & what we think will be right for you as well as explain our mortgage repayment calculators. We can connect in person, via phone, online or email. 

Whatever works best for you.