You’ve protected your income. Now comes the long slog – living on less than you earn and using the difference to save for retirement and pay off your mortgage.
Keep your mortgage payments below 25% to 30% of your earnings. Any higher and your ability to keep paying will be at risk when interest rates go back up to their normal levels.
Don't pay off the mortgage before you pay off higher interest debt such as credit cards, credit sales (formerly known as HP), and car loans.
The bank is not your friend.
They make a profit whatever the rate is.