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Paying off your mortgage sooner than you think

So the conventional theory has been, finish University, get a good job, buy the house and pay every cent you earn into it to reduce the debt! With interest rates in most developed economies and particularly in Australia, at all-time lows, you’d think that most people are following this strategy. But is that the case? And will this strategy help you pay off your mortgage any sooner than you think? With average house prices in most capital cities in Australia still rising higher than incomes, how much more money can you pay into your home every year to help you pay it off sooner? Let’s not forget the everyday lifestyle, which is equally important. Is there another way to achieve this? We think

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We encourage you to talk to us about your specific situation before making any decisions based on this information.

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