For Sarah and Mark, a young couple from Canterbury, buying their first home was a dream come true. But as the years went by, the reality of their 30-year mortgage started to feel heavy. The repayments were manageable, but they felt like they were just treading water, with a lifetime of debt ahead of them.
They wanted to start a family, but the thought of another 25 years of mortgage repayments felt daunting. They knew they needed to do something, but they didn’t know where to start.
That’s when they contacted The Home Loan Hub.
We sat down with them and went through a simple strategy. By using a “top-up” payment on their home loan, they could make a small but impactful difference. We also helped them refix to a lower interest rate, which meant more of their money was going towards the principal, not just the interest.
Sarah and Mark used our calculator to see the potential savings. They were stunned. By making one small, consistent extra payment each month, they could knock over 10 years off their home loan. The calculator showed them they’d save over $100,000 in interest alone.
Today, Sarah and Mark are on track to be mortgage-free by the time their first child turns 13. That weight of debt is gone, replaced with a feeling of control and excitement for their future. They are now saving and planning for their next big adventure, knowing they won’t be tied to their home loan forever.
See How Much You Can Save
Want to know your story? Use our free calculator to see how much faster you could pay off your home loan and the total interest you could save by making extra repayments.