Paying Off Your Mortgage Faster (Without Getting Scammed)
Paying Off Your Mortgage Faster
The online world is rife
with advice (including the “weird tricks” you find
in your email inbox) on paying off your mortgage
faster. In fact, there are only two ways that
really work: you can either make extra payments, or
you can refinance your mortgage into one with a
shorter term and/or lower rate. This page provides
background articles on available options (see
below), and links to the pages on the site where you
can begin to take action.
Is Making Extra Mortgage Payments Better Than Refinancing?
This article explains how the refinance and the extra payment decisions are related, and how to deal with situations where both are live options. Read Article
How to Pay Off a 30 year Mortgage in 15 years Without Being Scammed
This article shows how to develop an extra payment plan that will shorten the term of a 30-year loan to 15 years, more or less. Read Article
Borrowers Thinking About Paying Down Their Loan Balance Should Know How Mortgage Amortization Works
This article explains how the essentials of amortization, and why in today's market it is a good idea to speed up the process - if they can. Read Article
All articles on Extra Payment (Paying off faster) All articles on Refinancing
Is Making Extra Mortgage Payments Better Than Refinancing?
This article explains how the refinance and the extra payment decisions are related, and how to deal with situations where both are live options. Read Article
How to Pay Off a 30 year Mortgage in 15 years Without Being Scammed
This article shows how to develop an extra payment plan that will shorten the term of a 30-year loan to 15 years, more or less. Read Article
Borrowers Thinking About Paying Down Their Loan Balance Should Know How Mortgage Amortization Works
This article explains how the essentials of amortization, and why in today's market it is a good idea to speed up the process - if they can. Read Article
All articles on Extra Payment (Paying off faster) All articles on Refinancing