Frequent-flyer points for paying mortgage

It seems too good to be true but it is now possible to earn frequent-flyer points by paying off your mortgage.

Borrowers who take out a Macquarie Bank Flyer home loan will earn 10,000 Qantas points for every $100,000 borrowed.

Borrowers earn 1000 points each month and an extra 25,000 bonus points three and five years into the loan.

A home loan of $350,000 would earn 35,000 points at settlement.