How can I pay off my home loan faster?

Our mortgage brokers will advise you on how to pay your loan off faster, where bankers will keep you in your loan for longer. Property loans come with terms and conditions – and these can include fees for early repayment. If rapid repayment is your goal, it’s important to get a loan that allows you to achieve it.

In general, a few basic concepts for fast repayments are:

  • Increasing the amount of your regular repayment
  • Making additional lump sum payments
  • Utilising a mortgage offset account to reduce interest