Interest rates are increasing and it’s making mortgage repayments feel really heavy right now, especially when everyday costs (like groceries) are also going up. In this video, I walk you through five practical ways to pay off your mortgage faster in 2023—but the key is having an actual plan, not just telling yourself you’ll “pay extra” and hoping it magically happens. I use simple calculator examples so you can see what the time and interest savings can look like in real numbers. First, I explain why switching from monthly to fortnightly (or weekly) repayments can shave years off your loan because you’re effectively making more repayments across the year. Then I show how even an extra $500 per month can cut years off your term and save hundreds of thousands in interest over time—especially when combined with fortnightly repayments. I also break down offset accounts (and why most people don’t use them properly), how finding a lower interest rate via a mortgage broker can help, and why interest-only loans work against you if your goal is to pay down the principal faster. If you’re serious about paying your loan down quicker, these are the levers I’d look at first.