THE PROPERTY NERDS: The banks don't want you to meet her

A lower interest rate could save thousands, but a strategic debt reduction plan could cut hundreds of thousands from the total cost of a mortgage.

On Property Nerds, Arjun Paliwal is joined by finance specialist Kat Marsalek to examine the strategies borrowers can use to reduce their mortgage debt and slash their lifetime interest bill.

Marsalek shares a case study where projected interest fell from more than $1.3 million to $300,000 after restructuring cash, loan repayments, and investment debt.

The pair also look at offset versus redraw, debt consolidation, and using investment property cash flow to attack non-deductible home loan debt faster.

Marsalek argues that borrowers need more than a competitive interest rate, with a personalised debt reduction strategy potentially changing how quickly a mortgage is paid off and how much interest is ultimately charged.