Saturday, March 2, 2013

Want to Pay off Your Mortgage Sooner?

During the housing boom, people were using their homes like a bank and refinancing to do projects in their home. This is not so much the case anymore. Are you looking for financial freedom like the rest of us?
Here are 3 ways you can pay off your mortgage earlier.

1. Pay More, adding a little payment to your principal here and there can shorten the length of your loan. As little as $100.00 a month could make a difference in the length of your loan.

2. Refinance with a shorter term mortgage. Shorten the time of your loan to a 10, 15 or 20 year term. Your monthly payment will be higher but it may be a good option.

3. Switch to Bi-Weekly Payments

Read More here:

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