Whilst you don’t want to be paying more than you can afford, increasing your mortgage payments by as little as $10 per week can save you as much as $25k over the life of your loan (based on an average Auckland property price). That’s just a couple of coffees or one cocktail sacrificed which isn’t much compared to what you can save. To illustrate just how much impact you can have on your mortgage by making these little changes, we’ve created this lovely infographic below. It’s a bit like the Shawshank Redemption – just chip away at it, and you’ll eventually be amazed at what you’ve achieved.
