Today we are going to be discussing a couple simple tactics on how you can pay that 30-year mortgage in just 22 years.
So today we are going to discuss 2 strategies on how to knock 8 years off of that 30-year mortgage. So maybe it is tax time or maybe it is Christmas time and you ran into a little extra money.
One other strategy that we recommend is that some people get paid bi-monthly. So instead of making monthly mortgage payments, it may make sense to talk to your mortgage company and sign up for a bi-weekly payment method. This will allow you to make 26 half payments (equivalent to 13 whole payments) over the course of a year which will also allow you to pay off your mortgage in just 22 years.
Did you know that if you make 13 mortgage payments in a year, you will actually knock off 8 years off of the life of the mortgage?
One other strategy that we recommend is that some people get paid bi-monthly. So instead of making monthly mortgage payments, it may make sense to talk to your mortgage company and sign up for a bi-weekly payment method. This will allow you to make 26 half payments (equivalent to 13 whole payments) over the course of a year which will also allow you to pay off your mortgage in just 22 years.
It’s that easy, simply apply that extra cash towards your mortgage principal and you will have your home paid off much sooner. If you are looking to buy a home in the future click on the search all homes for sale tab and have the opportunity to search every home listed in the Greater McAllen area.
If you are looking to know what your home is currently worth click on the Get a Free Home Value Report link and get an instant home value of what your home can sell for in today’s current market. If you want immediate assistance and want to talk to a home buying or selling expert today you can call us at 956-203-0044. Thanks for listening and we look forward to hearing from you.
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