Early home repayment cycle!

If you have 20-year home loan repayment cycle with interest rate of 8.5% then your interest cost will be equal to your entire loan amount. In other words, if you keep your home loan outstanding for the entire 20-year tenure then you will end up paying at least double. So, it is always advisable that you begin your home repayment cycle early as the interest cost is front loaded in the initial years.