Reported 7 months ago
Many homeowners dream of paying off their mortgage early to avoid hefty monthly payments and interest charges, freeing up extra cash flow. While most mortgages have long terms, there are strategies to pay off the mortgage faster. This includes making bi-weekly payments, one extra payment per year, occasional extra payments, rounding up payments, refinancing to a lower rate or shorter term, and recasting the mortgage. The article also discusses when paying off the mortgage early is a smart decision.
Source: YAHOO