Most homeowners want to become mortgage-free as soon as possible. A twenty-five-year amortization can feel like a long time to carry debt, but you do not have to wait decades to own your home outright if you use a few simple strategies.
One: Switching from monthly to accelerated bi-weekly payments can cut years off your mortgage.
Two: Most lenders allow you to make a yearly lump-sum payment directly toward your principal.
Three: Small increases to your regular payment, even by fifty dollars, have a massive impact over time.
I can show you how much interest you could save with these steps.