I cut 8 years off my mortgage with $20 - here's how

Making Cents · Nov 23, 2025 · 19m

A simple $20 tweak can dramatically cut down the life of your mortgage, so now it’s time to talk about the strategy I used to shave eight years off mine. With just a small repayment, years disappeared. So here’s how, and why, it works. I’ve used my experience as a financial journalist to change my money, so get an inside look at my finances, then why extra repayments are so powerful in the early years of a home loan, how interest is actually structured, and the practical ways you can use that to get mortgage-free faster to make it work for you. Time to talk about the main mortgage repayment…