Show Menu

Pay Off The Mortgage Cheat Sheet (DRAFT) by [deleted]

21 Ways To Pay Off The Mortgage FAST

This is a draft cheat sheet. It is a work in progress and is not finished yet.

The Rate

What's The Lowest Home Loan Rate?
2.25% p.a.
Switch To A Lower Rate
Download our worksheet: Negoti­ating with your bank.
Work on a higher rate
Make repayments at a higher rate than you need to
Rate isn't everything but it's a great place to start. Make sure you don't sacrifice other important features just for rate.


Make repayments at a higher rate
Make more frequent repayments
Pay it off quickly
Make your first repayment before it is due

The things to DO

Make your home loan your KEY financial product
Hit the principal early
Use your equity
Get your credit report
Shop around and make sure your lender knows it

What A Differ­ence!

Getting that mortgage monkey off your back will set you up for a millionare lifestyle. On the average Australian home loan you will pay nearly $500,000 in interest!

At MaxiLife we can help you half that!


Educate yourself about the home loan market.
Know what you need
Does your trade or profession get a discount?
Don't be afraid of small lenders
Shop around and make sure your lender knows it
Don't forget about your mortgage
The more you know about what you need and what is out there the better you will be.

Bells and Whistles

Consol­idate your debts
Split your loan
Run an offset account
Make sure your loan is portable


Fall for the honeymoon rate
Use bridging finance

Things to remember

Pay all your fees and charges up-front
Hit the principal early
Skimp on the luxuries
Little amounts add up over time