It depends on a few different factors, such as:
- Your loan term
- Your repayment schedule
- Any extra contributions you make
Standard loan terms usually last around 25-30 years, but making additional payments can significantly reduce this timeline. It helps if you use our Mortgage Timeline Calculator or Lump Sum Payments Calculator to see how extra contributions may impact the repayment period. If you are considering making extra payments, just make sure you check with your lender to see if there are any fees or restrictions on early repayment.
