In general, there are three ways to reduce the monthly repayment for your mortgage: 1. Reduce the interest rate 2. Increase the loan quantum 3. Increase the loan repayment amount Looking at your situation, #2 is unlikely to happen. This is unless you are able to find a financial institution that is willing to stretch it to 30 years. So, let's move on to the other two methods. In order to give you a more detailed suggestion, we will need to know everything about you. Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ Next, create a budget that is capable of helping you to make early repayments to your home. The best way to do this is via automation and this is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly-budget/ Alternatively, you may wish to consider using your budget to put into tools that yield a rate that is similar to your rate of interest. Through this process, it reduces the interest payment indirectly. However, this requires careful planning that may require you to take on calculated risk. For #1, we will need to create a spreadsheet to find out the exact cost and benefit to make adjustments, e.g. refinancing. Here is everything about me and what I do best.