Tips for Paying Off Your Mortgage Early

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The freedom that comes with not having a mortgage is amazing. With some planning, and self-control, it’s possible for you to pay off your loan and have more money available for other interests. Here are some tips from Kayla Albert’s November 30, 2016 real estate blog for Trulia.

1. Refinance into a 15-year mortgage.
2. Refinance into a lower interest rate, but keep the payments the same.
3. Get rid of private mortgage insurance (PMI).
4. Put those windfalls (unexpected money) to work.
5. Make extra, or higher, principal payments.

If you’d like more information about these tips, or homeownership in general, give me a call at (907) 529-1844.

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