Dreaming of being mortgage-free? Here are some effective ways to pay off your mortgage quicker!

Accelerated Bi-Weekly Payments Switching to an accelerated bi-weekly payment schedule means making one extra payment per year, reducing your amortization period significantly.

Increase Your Mortgage Payments Take advantage of pre-payment privileges to increase your monthly payments. This helps reduce your principal faster.

Make Extra Payments Utilize pre-payment options to make annual lump-sum payments, clearing a significant portion of your loan. Perfect for bonuses or unexpected windfalls.

Negotiate a Better Rate When your mortgage term is up for renewal, shop around for a better rate to lower your overall payments and interest.

Refinance to a Shorter Amortization Period Consider refinancing to a shorter amortization period during renewal. Higher monthly payments mean less interest over time and a faster path to mortgage freedom.
*Check your mortgage terms to ensure these options are available to you and avoid any potential penalties.
Looking to pay off your mortgage quicker? Contact me today to discuss your options in detail!