How Can i Pay Off My Mortgage Faster

 HOW CAN I PAY OFF MY MORTGAGE FASTER ⁉️⁣⁣ ⁣⁣ One of the easiest ways to make an extra payment each year is to pay half your mortgage payment every other week instead of paying the full amount once a month. 📆⁣⁣ ⁣⁣

This is known as “bi-weekly payments.”⁣⁣ ⁣⁣ When you make bi-weekly instead of monthly payments, you end up adding one extra payment each year. 🔢⁣⁣ ⁣⁣

Your loan servicer could be confused about getting irregular, partial payments so make sure to call them and let them know what you’d like to do! 🎙⁣⁣ ⁣⁣

You could also simply make a 13th payment at the end of the year. But this method requires coming up with a lump sum of cash. 💰⁣⁣ ⁣⁣

Some homeowners like to time their extra payment with their tax return or with a yearly bonus at work.⁣⁣ ⁣⁣ However you arrange it, making an extra payment each year is a great way to pay off a mortgage early. 💯 ⁣⁣

⁣⁣ If you have a Real Estate question ⁣⁣ or want to be featured on my next episode of TODAY IN MY DM’s slide into my DM’s! ⁣⁣