Myrtle Beach Real Estate - Myrtle Beach Homes For Sale - Myrtle Beach Foreclosure Listings - North Myrtle Beach Real Estate - Commercial Real Estate

Myrtle Beach Real Estate Blog « Back

VIDEO: How To Pay Off Your Mortgage Quicker

Did you know that it’s possible to take eight years off your mortgage payments? It’s not magic, but it does require some effort and attention.

So, if you make one additional payment, once per year, you can apply the amount directly to your principal. By employing this strategy, you’ll be able to pay off a 30-year mortgage in just 22 years. You can also write a separate check with your payments each month that is 1/12 your normal payment. After you’ve turned in all 12 at the end of the year, you’re on the same page. You won’t miss that amount as much as a full payment, and you’ll still be able to pay it off in 22 years.

We all want to pay off our mortgage quicker, this is just a simple way to do it. If you have any questions for me or you’re looking to buy or sell, give me a call or send me an email. I would love to hear from you.