In this episode, we discuss 4 ways to pay down your mortgage more quickly. These include:
- Use an offset account to use cash you have saved to decrease the amount you pay interest on
- Make extra payments to your mortgage
- Consolidate consumer debt into your personal mortgage to help you focus on one payment and reduce the interest payments you make on that additional debt
- Purchase an investment property to help you pay down the debt as you increase equity within your property
You can also use our mortgage calculator to help you run different mortgage scenarios for your own home loan.
