How to Pay Off Your Home Loan Faster in 2025
Wondering how to pay off your home loan faster? You’re not alone, thousands of Australians…
Wondering how to pay off your home loan faster? You’re not alone, thousands of Australians are actively looking for ways to become mortgage-free sooner. The good news is, yes, it is possible to cut years off your home loan and save tens of thousands of dollars, simply by restructuring your loan and applying some strategic […]
Wondering how to pay off your home loan faster?
You’re not alone, thousands of Australians are actively looking for ways to become mortgage-free sooner. The good news is, yes, it is possible to cut years off your home loan and save tens of thousands of dollars, simply by restructuring your loan and applying some strategic financial habits.
In this article, we’ll walk you through six practical ways to pay off your home loan quicker – including refinancing, offset accounts, and smart repayment techniques. These are strategies Clear Finance helps clients with every day.
Paying off your mortgage early can offer massive financial and emotional benefits. Not only will you reduce the total cost of your loan, but you’ll also:
It’s not just about saving money, it’s about gaining control over your finances and your future.
One of the most effective ways to pay off your home loan quicker is to refinance to a loan structure that better suits your goals.
Clear Finance can help you compare rates across multiple lenders and structure a new loan that’s better suited to your goals, potentially saving you thousands. Use Clear Finance’s loan repayment calculator or a refinance calculator to see what refinancing could mean for your mortgage.
Every extra dollar you put towards your mortgage reduces your loan balance. Even $50 a week in additional repayments can shave years off your loan.
Try our extra repayment calculator to see how quickly those small top-ups can compound into major savings.
Most people pay their mortgage monthly, but switching to fortnightly repayments can help you sneak in one full extra payment each year. This reduces the loan balance faster and helps you pay off your home loan sooner. Clear Finance can help restructure your loan to support this simple yet powerful tweak.
An offset account links your savings to your home loan, reducing your loan balance for calculation purposes. For example, if you have a $400,000 mortgage and $20,000 in your offset account, your loan repayments are calculated as if you only owed $380,000.
Want to see how much you could save? Try our home loan offset calculator.
If you’re juggling multiple debts like credit cards or personal loans, consolidating them into your home loan could help simplify your repayments and make your finances easier to manage. Just be cautious, extending bad debt into a long-term loan needs to be done with professional guidance.
Clear Finance can help you determine whether this is the right strategy for your financial situation.
Lenders update their products and offers regularly. If you haven’t reviewed your home loan in over 12 months, you could be missing out on a better deal.
Book a free home loan health check with Clear Finance, we’ll analyse your current loan, assess your repayment strategy, and offer options to help you pay off your home loan sooner.
If you’ve ever wondered whether to invest extra money or use it to pay off your home loan, you’re not alone. There’s no one-size-fits-all answer, it depends on your financial goals, risk tolerance, and loan structure.
We touch on this briefly in this blog, but this article from Canstar offers a deeper dive if you’d like to explore the pros and cons of each approach.
At Clear Finance, we help everyday Australians make smarter financial decisions whether it’s through refinancing, optimising loan structures, or choosing the right repayment strategy.
We understand that every financial situation is different, and we take the time to tailor solutions that suit your goals, not just the lender’s.
Becoming mortgage-free doesn’t have to take 30 years. With the right structure, strategy, and support, you could reduce your loan term by years and keep thousands in your pocket. If you’re ready to see how much time and money you could save, book a free home loan health check with Clear Finance today.
Let’s make your money work harder, so you don’t have to. 👉 Get started with Clear Finance