No One Is Telling Homeowners This, But They Should Be

A simple payment tweak that could save you over $100K (without refinancing).

Most homeowners think the only way to reduce interest or pay off their mortgage faster is to refinance.

But there’s another option. It’s quiet. It’s simple. And it could save you tens of thousands in interest, without even changing lenders.

Make Bi-Weekly Payments Instead of Monthly

Let’s say your monthly mortgage repayment is $3,000.

Instead of paying that once per month, you split it in half and pay $1,500 every two weeks.

That’s it. That’s the whole strategy.

No complicated spreadsheets. No hidden fees. No bank approval needed.

Why This Works

There are 12 months in a year…But there are 26 fortnights.

So when you pay half your monthly repayment every two weeks, you actually make the equivalent of 13 full payments a year instead of 12.

That extra payment goes straight to reducing your principal. And that leads to:

✔️ Less interest paid overall

✔️ A shorter loan term, often by 4 to 6 years

✔️ A massive long-term saving, without needing to refinance

Real Example

• Monthly repayment: $3,000

• Loan amount: $750,000

• Interest rate: 6%

• Loan term: 30 years

Monthly repayments:You’ll pay the loan off in 30 years, with approx. $866,000 in interest.

Bi-weekly repayments:You’ll shave off around 5–6 years and save over $120,000 in interest, just by making one extra annual repayment, automatically.

But Doesn’t That Hurt the Budget?

Here’s the beauty of this strategy, you’re not actually paying more per month.

You’re simply breaking the payment into smaller chunks that align with your cash flow (especially if you get paid fortnightly), and that extra full payment happens automatically thanks to the calendar.

It’s one of the easiest ways to build wealth passively, by reducing your interest exposure without changing your lifestyle.

Should You Do This?

If you:

• Have a principal and interest mortgage

• Want to reduce your loan term and interest without refinancing

• Prefer strategies that don’t require complex financial products…

Then yes, it’s worth considering.

Always check with your lender first to confirm whether their systems accept fortnightly payments or allow additional repayments without penalty (most do).

Final Thought

This is one of those rare mortgage hacks that’s:

• Simple to implement

• Easy to maintain

• Proven to save money

At Right Street Property, we help clients not just buy the right property, but own it smarter.

Want More Smart Property Strategies?

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