r/Mortgages•
bighorse1000

Mortgage reduction

Is there anyway in Australian like the US when you can make a lump sum payment on the principle to actually reduce it or making the bank use it extra repayments new sum the minimum payment, example - minimum is $800 but you pay $1200, so new minimum becomes $1200 and loan gets recalculated?

Posted Jun 12, 2026, 11:44 PM UTC

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