| If you want to pay off your mortgage, be free and | | | | directly, but it pays dividends in the future with interest |
| save thousands of dollars in interest then there is a | | | | savings and a mortgage free life. |
| simple way for you to do it. | | | | Secondly, HOW MUCH DO YOU PAY OFF |
| We know that any mortgage pay off technique is | | | | MORTGAGES WITH? |
| designed to make sure your money is going to the | | | | You probably don't want to sacrifice your standard of |
| principle. It seems tough to pay off mortgage | | | | living but you still want to pay off a mortgage as |
| amortization schedules because the majority of your | | | | quickly as possible. |
| mortgage payments are going to pure interest. But, if | | | | Here is a good way to do that. Calculate 3-4% of your |
| you lower the principle early instead of over time, | | | | current mortgage payment. Write a check for this |
| you're going to save tons of interest and pay off | | | | exact amount. This usually doesn't put too much |
| mortgage principle incredibly fast. | | | | financial strain on people's lives yet it will reap decent |
| Honestly, you're going to have to pay off mortgage | | | | results in interest savings and pay off mortgage |
| amortization at some point, so why not avoid all the | | | | principle very quickly when the payment interest |
| interest while you do it? | | | | calculations snowball and decrease (more on this in |
| But, when do you do it? And, how often should you | | | | other reports.) |
| pay off mortgage principle? | | | | Basically, you're giving your lender an "annual raise" of |
| If you want to successfully pay off mortgage | | | | 3%. |
| amortization schedules 2x as fast you'll need to pay | | | | WORD OF CAUTION: you want to write 'for prepaid |
| the principle... each month. Just put a little extra down | | | | principle' on this check so that the bank doesn't apply it |
| before your monthly mortgage payment. | | | | to your next mortgage payment. You won't pay off |
| You see, when you pay off mortgages it's like an | | | | mortgages at all if this happens. |
| investment. No, you won't be getting your money back | | | | |