Opinion

How life without a mortgage is within reach

By Nicole Pedersen-McKinnon
Updated February 6 2020 - 12:37pm, first published February 5 2020 - 7:00pm
SET A TARGET: Nicole Pedersen-McKinnon says record-low interest rates mean that a mortgage-free life is more achievable.
SET A TARGET: Nicole Pedersen-McKinnon says record-low interest rates mean that a mortgage-free life is more achievable.

Fifteen years ago, while working as an editor at The Australian Financial Review, I was given an assignment that changed my life: delve deep into the facts, traps and maths of mortgage debt, to determine if there were ways to more quickly and, crucially, cheaply pay one down. Fast forward seven years from that painstaking process and I'm delighted to say we'd done it. My husband and I had used all the debt-busting techniques I'd identified to get mortgage-free.

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