By Andrew Prentice For Daily Mail Australia
Published: 02:03 BST, 7 October 2020 | Updated: 04:20 BST, 7 October 2020
Financial guru Max Phelps (pictured above) is regarded as Australia's leading money expert
Many Australians could pay down their mortgage in half the time if they followed three simple steps, according to a leading personal finance expert.
Money coach Max Phelps, the author of Getting Your Money $hit Together, said controlling expenses, finding additional income and more effective planning were the key elements to quickly paying off a home loan.
'For countless Australians, paying off their mortgage is currently their largest financial goal,' Phelps told Daily Mail Australia.
'Plenty of people find this hard to believe, but it is definitely possible for most people to pay it down in half the time.
'The best and only way is to pay more than the minimum repayment.'
Getting ahead financially and sticking to a budget are challenges many couples face (stock image)
Paying off a home loan is the primary goal for millions of hard