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Pay Mortgage Faster

If you’re someone that wants to pay your mortgage off faster, this simple change in the way you make your mortgage payments will result in you paying your loan off around 4 years faster and potentially save over $100k in interest.

Most people pay their mortgage once a month, at the beginning of the month. BUT a lot of people receive their paychecks from work every two weeks.

So instead of paying once a month, split your monthly mortgage payment in half and pay that amount bi-weekly.

By making this change, you will effectively make 13 payments a year instead of 12. This reduces the principal on the loan faster and saves you money on interest.

On a home purchase of $1m with 20%, the savings add up to over $140,000!