4 Strategies to become MORTGAGE-FREE and get rid of debt

Hey, everybody, it’s Janine Sasso, your local Chicagoland realtor. And today I am going to share with you four secrets on how to pay off your mortgage early. I’m excited. It’s everybody’s dream. You want to be debt free. You don’t want to have a mortgage to pay. And I want to show it with you or share with you today for tips that might just help you accomplish that goal. Not every strategy is created equally so when it comes to the right one for you. Maybe one of them is the right one.

I have listed them below again in the description, so you can look at that too. But let’s get started with number one. The first thing you could do to pay off your mortgage quicker is refinance into a shorter term loan. That’s the easy solution. Make sure you pay attention to your interest rate and to see if it makes sense on a closing cost basis.

Talk to your local mortgage professional about it. But this is choice number one. The second choice, you could just pay a little bit more each and every month. What you should do with that is have one mortgage payment and divided by 12. And then every month you add that 1/12 of a mortgage onto your payment and send it off. The estimation is that you can cut off about seven years of your loan. The third option is that you make an entire a 13th mortgage payment once a year. So this way it has the same effect. Then the option number two. You are estimated to shave off about seven years for the long term and you get to save a lot of money on the interest. And the fourth solution, you can have any extra money that we find. May it be your holiday bonus? May be a tax refund. You can have any extra money funneled right onto your mortgage in order to help speed up the paying it off process. So those were my four tips. Maybe there’s a strategy in there that just right for you that works for you. Let me know in the comments. I would love to hear from you. My name is Janine Sasso, and I am your local Chicagoland realtor.

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