The Power of Making Repayments at a High Interest Rate

The power of making repayments at a high interest rate. In Australia, interest rates have been record lows for the last few years. The way I look at it is that when you first get your mortgage, if you could afford $3,600 to pay it off, and you just keep paying it off at that level then you would have just saved so many years off your mortgage. It's as simple as that.