Make an extra payment each year;
Add extra dollars to each month’s mortgage payment
Apply a large sum after a cash windfalll
A combination of the above
A major key to remember if you’re making additional payments is to make sure you specify the extra payments should go towards the loan principal (there’s usually an option for this when you make your mortgage payment). If you don’t, the extra money will go toward your next monthly mortgage payment, which won’t help you achieve the goal of prepaying your mortgage.
November 16, 2023
November 16, 2023
November 16, 2023
November 16, 2023
While you may be tempted to overhaul your space entirely, strategic touch-ups can be far more beneficial.
August 21, 2023
June 23, 2023
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