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The Summary. 7 Ways To Pay Your House Off Fast

Here’s a quick overview of the methods we’ve covered in our series, “7 Ways To Pay Your House Off Fast”:

1. Extra Monthly Payments: Boost your mortgage payment by $100 or more to reduce your loan term.

2. Wage Redirection: Direct your income into your mortgage account, using redraw, offset, or LOC options to keep more money against your mortgage.

3. Interest-Free Cards: Use interest-free credit cards for monthly expenses, keeping your cash working against your mortgage.

4. Last-Minute Bill Payments: Pay bills on their due date, using interest-free credit cards to delay cash outflows and maximise mortgage reduction.

5. Tax Returns: Apply your annual tax return to your mortgage principal for gradual reduction.

6. Surplus Rent: Use surplus rental income from investment properties to pay down your primary mortgage.

7. Equity Leverage: Invest in multiple properties to build equity, then leverage this growth to pay off your primary home.

Hope you have enjoyed this series and it can help you on your path to property investment success!

Join our webinars for in-depth insights into these strategies and more property investment tips.

CLICK HERE

~ Integrity Team

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Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.