Home loan hack: Paying your home loan off fortnightly

G'day, I'm Angus Kidman from finder Now a money hack you often hear about is that paying off your home loan fortnightly rather than monthly will save you a stack of cash

What you might not realise is just how much money that means Let's suppose you borrow $600,000 dollars over 30 years at 550% pa interest rate If you pay off fortnightly rather than monthly you'll save yourself a whopping $124,510

63 just by making that switch from monthly to fortnightly That gives you enough money to buy a bigger place with a walk-in wardrobe where you can store all your Hawaiian shirts Thanks for watching, and keep checking out finder for more money-saving hacks and ideas