This is where I share our story of how we paid our first home loan off. Here we also share all the tools and strategies we used so you can pay your home loan off faster too.

This website is based on my book ‘Pay it in 5’, which contains all the information we used to pay our home loan off faster.

To get you started, here’s a freebie for you!

How to pay your mortgage off faster

Reverse Home Loan Calculator:

Before you get a home loan, work out how much you can borrow to pay your home loan off in the time you want to pay it off in

When we go to the bank (or mortgage broker etc) we sit down, we give them information about how much we earn, they do some calculating… and then they tell us: “Ok, so the maximum we can lend you is $400,000” (or whatever the amount is).

And we think, great, the bank can lend us $400,000 and I have some savings already (let’s say you have $100,000). This means I can buy something for $500,000.

But stop right there!

This is a trap.

People let how much they can borrow determine other factors related to a loan (e.g., now that I am borrowing $400,000, how long will it take me to pay it off).

Just because there is a maximum you can borrow, you don’t actually have to borrow it.

Just because your lender can give you a lot, that doesn’t mean you need to borrow that much.

We looked at in reverse before we decided how much we wanted to borrow.

To be able to do this we asked ourselves two very important questions:

(1) How much can I repay (per week, fortnight or month)? and
(2) How long do I want to have a home loan for?

So here it is, free to use, I have created a calculator that can work it out for you. We give you the calculator to work out for yourself your own maximum home loan based on (1) how much you can repay and (2) how long YOU want to take your loan out for.

Ahhh, you’re welcome!

Btw, I feel I must forewarn you… using this calculator can become a bit of an obsession before you buy!

Click to go straight to our online Reverse Home Loan Calculator

You can also download this calculator together with our other calculators and save it to your desktop. We have a home loan calculator for any situation.

Subscribe to get a copy.

Subscribe to also get the latest news and exclusive content, plus a copy of Step 1 of our book ‘Pay it in 5’ for free (that’s 9 Chapters – absolutely free):

[email-subscribers-form id=”1″]