Articles

How to repay your mortgage sooner

27/08/2026

Paying off your mortgage years early can save substantial interest – although finding extra money isn’t easy in today’s environment.

Elevated interest rates and cost-of-living pressures mean many households are already watching every dollar.

That can make large extra repayments unrealistic, but smaller changes to how you manage your mortgage can still help you get ahead over time.

Small moves can add up

Some options include:

• If your lender allows it, consider paying half your usual monthly repayment every fortnight. This can add up to the equivalent of an extra monthly repayment each year.
• Use your offset strategically. Keeping spare cash there can reduce the balance on which interest is calculated.
• Put windfalls towards the loan. Tax refunds, bonuses or other unexpected money can chip away at principal.
• Keep repayments higher if rates fall. The extra amount can accelerate your progress.
• Review your interest rate. If you secure a lower rate and keep your repayments at the same level, more of each repayment can go towards reducing your loan.

Before making extra repayments, check your loan’s conditions and maintain an appropriate cash buffer.

Want to get ahead on your mortgage? Get in touch and we can look at whether your rate, loan features or repayment setup could help you make faster progress.