How to pay off
my mortgage fast?

If you have a 30-year mortgage, you may feel as though you’ll always be paying off your house. But you can slash the time it takes to pay off your mortgage using a number of strategies, many of which don’t require spending a lot of extra money.

The fastest ways to pay off your mortgage may include a combination of the following tactics:

  • Make biweekly payments.
  • Budget for an extra payment each year.
  • Send extra money for the principal each month.
  • Recast your mortgage.
  • Refinance your mortgage.
  • Select a flexible term mortgage.
  • Consider an adjustable rate mortgage.