How can I pay off my home loan quicker?

Here are some basic strategies: * Set your repayments to "accelerated fortnightly" - which is the monthly payment divided by two and paid every fortnight * Make extra payments, when possible * Arrange for your salary to be deposited into an offset account to minimize the interest being charged

If you’re looking to pay off your home loan quicker, there are a few different strategies you can use. 1. Make lump sum payments. Making a lump sum payment towards your home loan can help reduce the amount of interest you pay over the life of the loan, as well as reduce the length of the loan. 2. Increase your regular payments. Increasing your regular payments is another great way to reduce the amount of interest you pay on your loan and shorten the loan term. 3. Make fortnightly payments. Making fortnightly payments instead of monthly payments can help you pay off your home loan quicker. This is because you’ll make 26 payments a year instead of 12, meaning you’ll be paying off more of the principal each time. 4. Refinance your loan. Refinancing your loan could be a good option if you’re looking to pay off your loan quicker. Refinancing your loan could mean you can access a lower interest rate or switch to a loan with a shorter loan term. 5. Make extra payments. Making extra payments when you can is a great way to pay off your home loan quicker. If you have a windfall or a bonus, consider putting it towards your home loan. Whichever strategy you choose, make sure you check with your lender first to make sure you’re not charged any extra fees or penalties. Good luck!