Five Ways to Pay Off Your Mortgage Faster
For most of us, paying off a mortgage as quickly as possible is a priority. Here are some ways to pay down extra principal early on, to shorten the life of the mortgage and the interest you'll pay over the years.
1. Round your payments up - this little extra adds up over time.
2. Pay a lump sum whenever possible.
3. Increase payments when you get a raise.
4. Make bi-weekly payments - you'll end up paying more toward the principal each year.
5. Keep payments the same when mortgage rates have fallen.
home for sale, homes for sale, preparing your home for sale, real estate, remax, realty, realtor, okotoks, calgary, cranston, remax, homes for sale, selling your own home, buying a home, houses, home, town house, condo, condos, condos for sale, single family homes, listing your house for sale, listings, MLS, houses for sale in Okotoks, houses for sale in Cranston, how to sell your home, buyer, seller, real estate agent, remax realtor, okotoks realtor, top realtor, foothills, cochrane, airdrie, high river, nanton, black diamond, turner valley, okotoks area, acreages, farms, rural, property, staging a home for sale, home staging, preparing to sell, condos for sale in okotoks, condos for sale in calgary, home search, kim daniels, kim daniel, jay magnussen, james magnussen, jay magnussen real estate team, savannah magnussen, okotoks real estate, foothills, high river, okotoks area, drake landing, crystal shores, communities in Okotoks, southern alerbta towns, towns near calgary, mortgage information, financing your new home, mortgage payments, how to maximize your mortgage, debt, debt advice, real estate debt
Comments(0)