There are a few key things you can do to reduce the number of years it takes to pay off your home loan; potentially saving you hundreds of thousands of dollars. Firstly, understand your home loan product and never be afraid to ask questions. You should know the interest rate, the fees associated with the loan and how many extra repayments you can make. Extra repayments Make extra repayments as often as you can afford them. It's amazing how much this can save you over the term