5 smart ways to reduce your home loan

Paying off your home loan may seem like an impossible task, but it could be within your reach sooner than you think. By making a few minor adjustments, you could reduce the life of your loan and save thousands on your mortgage.

Here’s How You Do It:

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Here are five tips for paying down your home loan faster.

  • 1Put any bonus money towards your mortgage
    Got a bonus at work? Great. Put it on your home loan. Same goes for any monetary gifts, lottery wins, overtime pay, and tax returns. If you receive unexpected cash that isn’t factored into your regular budget, do yourself a favor and pay down your loan.
  • 2Put any bonus money towards your mortgage
    Got a bonus at work? Great. Put it on your home loan. Same goes for any monetary gifts, lottery wins, overtime pay, and tax returns. If you receive unexpected cash that isn’t factored into your regular budget, do yourself a favor and pay down your loan.
  • 3Put any bonus money towards your mortgage
    Got a bonus at work? Great. Put it on your home loan. Same goes for any monetary gifts, lottery wins, overtime pay, and tax returns. If you receive unexpected cash that isn’t factored into your regular budget, do yourself a favor and pay down your loan.
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This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.

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