💨 Abstract

Paying off a mortgage early can save you thousands in interest and shorten your loan term. Making regular overpayments, even small ones, can significantly reduce your debt and interest payments. For example, an extra £50 monthly can save over £13,000 and reduce the term by a year. Strategies include increasing monthly payments, making lump sum payments, switching to biweekly payments, or using cashback apps.

Courtesy: www.thesun.co.uk