How to Pay Off Mortgage Faster

How to Pay Off Mortgage Faster

If you’re a member of the Debt Club (i.e. you have mortgage that will take you quite a while to pay off), you need to start planning for your ‘graduation day’ – the day when you become Debt Free.

Although your amortization says 25 years – there and a few simple steps that you can take to make sure you become debt free faster and spend less money on interest along the way. Continue reading »

No Frills Mortgage

No Frills Mortgage

Put your hand up if you have so much money left after you pay your monthly bills that it becomes a burden. Does anyone have that problem? Anyone? We most definitely don’t have spare $100 bills clogging up our jean pockets either.

If you’ve done your mortgage homework, you might know by now how important lump sum payments can be in reducing your overall interest and allowing you to pay off your mortgage faster. But sometimes the benefits of lump sum payment options can result in higher fixed term interest rates. If you know you’re not going to take advantage of these features, why pay more for them? Continue reading »