My clients often ask me if they should pay off their home early.
Yes!
Pay off your home six years early with this simple strategy.
There's a lot to consider when switching your mortgage payment. But the facts are pretty simple.
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If you pay half of your regular mortgage payments every other week, you'll have made 26 half-payments. That's the equivalent of 13 full monthly payments.
- Bi-weekly payments take advantage of an extra annual payment. Just one extra full payment can chop about six years off a 30-year mortgage!
My wife and I did this, and we now will have our home paid off early! Some lenders charge for this service, though ours did not. I would pay for something that should be free. You can do do-it-your self bi-weekly payments. Please let me know what your bank or lender's response is.
Happy financial freedom!
If you, or someone you know is buying or selling a home, I'd be honored to represent you or your referral.
Call me at 425-610-7202 to set up a free no obligation consultation.
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