In light of the current low interest rates, it is an ideal time to visit your mortgage to see if you are on the best deal and research the various options available to reduce the home loan. Making additional payments into the mortgage or employing refinancing strategies to increase mortgage payments can help to pay off the loan earlier and own the property sooner. All mortgage holders, especially owner occupied home owners, should revisit their personal finances to ascertain if they are in a position to make additional payments into their home loans. Increasing the repayment amount by just a few dollars will reduce the term of the loan and save on interest paid. There are various ways to achieve this.