How to Pay Off Your Mortgage Early
Use these four strategies to wipe out your home loan, freeing you to save for other goals.
Financial Writer
Toni Fitzgerald is a freelance writer and editor who writes extensively about personal finance, insurance and business. With more than 20 years of experience, she now focuses on work for nonprofits and universities. She is also a contributor to Forbes.com, covering the media industry. Toni enjoys learning new things about a wide range of topics through her writing and editing. She holds a bachelor’s degree from the College of William & Mary in Williamsburg, Virginia, one of her favorite places to visit with her family. When she’s not writing or editing, you can find Toni running, attending her children’s many sporting events, or enjoying a cup of tea and a good book.
Use these four strategies to wipe out your home loan, freeing you to save for other goals.
Your choice depends on your goals. While savings accounts provide great flexibility, certificates offer high yields.
Reach your most significant financial goals easily by saving for them gradually over time.
Lower your monthly payments and pay down debt faster by " by using the equity you've made in your home.
Our tips for planning, budgeting and eliminating debt can help you take control of your financial future—no matter which direction the economy goes.
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You need a good credit score, decent equity and a low debt-to-income ratio to gain approval.
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