Question

How You Can Pay Your Mortgage Off Early.

How To Pay Your Mortgage Off Early.

If you have a home mortgage you’re likely paying on the home mortgage for 15 to 30 years which is a long time.

If you have a 15 year mortgage then it’s not as bad as a 30 year mortgage since 30 years is way longer to pay on a home mortgage and you’ll pay lots more in interest on the 30 year mortgage than you would on a 15 year mortgage.

15 year mortgage VS 30 Year Mortgage.

If you haven’t gotten a mortgage yet you may be wondering if you should get a 15 year mortgage or a 30 year mortgage instead?

To decide whether you should get a 15 year mortgage or a 30 year mortgage you need to figure out what amount of payments you’ll be able to make on the mortgage.

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Answer 1

Paying off a home mortgage early is always a good thing if you can afford too because you save lots of money in interests charges and other fees.

Plus after you pay off your mortgage you don't have the hassle of making the mortgage payment and you can either invest that mortgage payment money, put it into a savings account or use the money for something else instead.

Taking out a second job or doing work from jobs to earn extra money for the extra mortgage payment can help you pay off your mortgage sooner.

30 years is certainly a long time to pay on a mortgage so getting it paid off sooner is much better.