For example suppose:
the repayments on your house are $1000 a month,
you can rent it out for $1200 a month= +$200
you move out a few suburbs where rent will cost you $900 a month= +$100
that means $300 worth of additional repayment goes into the loan every month.
Alternatively, if you are comfortable share-housing, maybe you could rent out that spare bedroom or study. Right now it’s sitting empty, but it could be working for you, making you an extra few hundred a month for the loan.
Don’t forget, neither of these strategies are necessarily for the life of the loan, they need only be for as long as you wish.
Obviously there are other risks to be considered in implementing this strategy, but if you can mitigate these, it could be an option to save you money in the long run.
See if the team at Finstyle Planning Solutions can assist with your ideas.