There are several methods available that many individuals are unaware of that can take years off of your mortgage and are easy to implement once you find the one that is suitable for you.  Of the various methods some require significant lifestyle changes while others can be accomplished with very little sacrifice. One of these methods is to utilize any extra cash that you may have at the end of the month and apply this directly to the principal. While this is one of the easier methods, it does require self-discipline to ensure that are able to make these extra payments every month.

Another method that is very effective in paying off your mortgage early is to make biweekly payments which will reduce the principal of your mortgage by one full mortgage payment on an annual basis that will take roughly seven years off of your original mortgage . Another method of getting rid of your mortgage that is becoming increasingly popular is to utilize a "mortgage accelerator program". This is the preferred method for many individuals as it doesn't require any significant sacrifices or lifestyle changes. This is accomplished by using an "HELOC" or "home equity line of credit".

This program is based upon using the equity in your home and opening up a checking account and using small amounts of the money at a time to make payments on the principal of your mortgage. It is possible when using this method to get rid of your mortgage in less than ten years. There are many free "mortgage accelerator calculators" available online that will show you exactly how much you can save and how long it will take based upon your specific balance and current interest rate. If you would like to learn about more ways that you can take years off of your mortgage, please visit us today!