There are several ways you can strive to pay off your mortgage in less time than the note says. The savings will add up and you will create more equity in less time. Here are some actions you can consider to do so:

  • Bonuses and other unexpected money goes towards the mortgage
  • Pay bi-weekly rather than monthly to get some extra payments in annually
  • Pay more each month than your require mortgage amount
  • When your income increases, allocate a percentage of that towards paying more on your mortgage