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There are times when the weight of debt may prevent you from accomplishing other things in life. If you have to pay off your mortgage every month, for instance, doing so may keep you from spending your money on other things which you think are essential for you and your family.

Indeed, such spending decisions are complex, requiring you to sacrifice your other needs for the sake of buying a house. However, paying off your mortgage doesn’t necessarily have to take a very long time.

There are many ways for you to pay them off faster, and can be quite simple if you know how to do them. The following are just a few of the workarounds in paying your mortgage quicker:

Renegotiating Your Interest Rates

This may not work all the time, but we still recommend you to go for it! To do this, you will need the help of an experienced mortgage specialist who knows their way around house loans. They will be able to negotiate on your behalf and avoid the pitfalls within the process.

Aside from that, they may provide you with tips on how best to decrease your monthly payments through legal means, so that you wouldn’t make the mistake of paying way less than what’s in your contract.

Choosing to Downsize

Sometimes, the most apparent concern and solution are right in front of us. In your case, the problem would be the size of the house. If your dream home is way too big for you and your family, chances are you may be paying for a place that you don’t need.

That said, you may opt for a smaller home that is just right for the number of family members you have right now. If you are not planning to have more kids, this can be the most practical solution, as having a smaller home would mean requiring a smaller mortgage to pay each month, making it easier and faster to pay off.

Maximising Your Deposit

Deposits are the amount you have to provide early on to pay off your home loan. The bigger your deposit is, the less that you’d have to pay in the long run. Of course, no lender would ever force you to pay more during the early stages of your mortgage, but initiating that on your own would at least make your monthly payments more manageable.

Choosing to Pay Every Two Weeks

This option is understandably not for everyone, especially those who are running on a tight budget. However, if you do not have any problem shelling out cash every two weeks, it’s best to go for this method. Instead of paying every month, choosing to pay every two weeks will enable you to settle your mortgage faster, much so that you wouldn’t even realise that you are close to paying it off in full by the end.


Paying your mortgage regularly is not an easy thing to do. Aside from the fact that you are budgeting your income every month to avoid overspending, you also have to make sure that you will be paying on time.

The good news is that there are specific methods that you can follow to settle your payments faster. Negotiating your interest rates, choosing a small house, and maximising your deposit are just some of the ways to manage your mortgage overall. Consult an expert and try out the tips above to your advantage.

If you are looking for versatile mortgage brokers to help you with your home loan, Wealthy You is committed to helping you achieve your needs. We are an alternative lending specialist aiming to make refinancing your home simple. Contact us today to learn more!