5 Ways to pay off your mortgage faster!

5 Ways to pay off your mortgage faster!

  • Always make your contracted payments, don’t defer, or skip payments

  • Take advantage of your pre-payment options each year.

  • At renewal, never reduce your payments, always keep them the same or increase where possible.

  • Don’t wait for renewal. Watch interest rates and refinance when possible to shorten your amortization

  • Consider other payment frequencies such as weekly payments or accelerated terms

And the bonus, once your mortgage is paid off, you can set up an Equity Loan to withdrawal funds for tax savings investment opportunities!

MMG