Pay Off Your Mortgage Quickly

Published Date 3/27/2013
Under: Career & Finances



Pay off your mortgage faster to eliminate the burden of extra bills.

If you're a new homeowner, you're likely anxious about maintaining your mortgage payments over time. Owning property is a big responsibility, but it doesn't have to drain your finances.

Furthermore, there are a few ways you can quickly pay down your mortgage and give yourself a bigger nest egg for retirement.

AllBusiness.com recommends making bi-weekly payments on your mortgage to pay a little more than you owe by the end of the year. Doing so can get you closer to owning your home and having one less bill to worry about.

If you don't want to switch to bi-weekly payments, consider increasing your monthly payment instead. Do the math ahead of time to figure out how much extra money you can put toward your mortgage with each check. Knowing the numbers can also help ensure that you don't fall behind on payments and you're putting in enough cash monthly.

Speak to your psychic advisor for more financial guidance if you want to know when your efforts will pay off. A tarot reading can help you discover when you'll reach that day when you can celebrate no longer having a mortgage over your head.

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