3 Ways To Pay Off Your Mortgage Early!

November 7, 2018

Wouldn't it be nice to not have a mortgage payment?  
Paying off your mortgage early might be easier than you think!  
Here are 3 easy ways to pay off your mortgage faster...

1 Extra Payment Per Year  
Divide your mortgage payment by 12 and then pay that amount toward your principal each month.  This is so easy to do if you do it starting at your first payment, and you could knock 5 years off your mortgage.

Bi-Weekly Payments
Instead of paying your mortgage monthly, pay it every 2 weeks.  Over the course of a year, you will pay a full extra payment and over time will knock years off your mortgage.

Refinance To A 15 Year Loan 
If you are easily able to make extra payments toward your mortgage, consider refinancing to a 15 year loan.  Usually the interest rates are lower and over the life of your loan, you can save a lot of money! 

Are you ready to buy your first home or transition to a new home?
Give us a call at (207)784-3800 or (207)289-3830 to get started today!