{"id":13572,"date":"2022-07-22T11:08:14","date_gmt":"2022-07-22T11:08:14","guid":{"rendered":"https:\/\/zaratechs.com\/?p=13572"},"modified":"2022-07-22T11:08:14","modified_gmt":"2022-07-22T11:08:14","slug":"5-tips-to-pay-off-mortgage-early","status":"publish","type":"post","link":"https:\/\/zaratechs.com\/5-tips-to-pay-off-mortgage-early\/","title":{"rendered":"5 Tips to Pay off Mortgage Early"},"content":{"rendered":"\n
A remortgage occurs when you switch out your current mortgage for a new one. If you locate the proper mortgage, remortgaging can help you as a homeowner. By collecting less interest over time by paying off your mortgage early, you may be able to achieve financial<\/a> stability and save money in the long run.<\/p>\n\n\n\n Make bi-weekly payments:<\/strong> It is a great way to reduce your mortgage balance quickly. By making payments every two weeks, you\u2019ll make 26 payments per year instead of 24. This can help you save a significant amount of money in interest and pay off your mortgage sooner.<\/p>\n\n\n\n Make extra payments:<\/strong> In addition to your regular monthly payment, making extra payments towards your mortgage can help you pay it off faster.<\/p>\n\n\n\n Refinance to a shorter-term loan:<\/strong> It can save you a significant amount of money in interest and help you pay off your mortgage faster. For example, refinancing from a 30-year loan to a 15-year loan can save you thousands of dollars in interest over the life of the loan.<\/p>\n\n\n\n Use a home equity loan to pay off your mortgage: <\/strong>If you have equity in your home, you can use a home equity loan. This can be a great way to save on interest and repay your loan faster.<\/p>\n\n\n\n Make a lump-sum payment:<\/strong> If you come into some extra money, making a lump-sum payment towards your mortgage can help you pay it off faster. This can be a great way to use a windfall or tax refund to reduce your mortgage balance.<\/p>\n\n\n\nHere are some tips for paying off your mortgage more quickly<\/strong><\/h2>\n\n\n\n