Reduce your mortgage debt faster with these money-saving strategies:
Shorten your mortgage
Many homeowners aim to pay off their mortgages in 25 to 30 years. Reducing your amortization period by five or more years can make a huge difference in the amount of interest you pay.
Increase your payment frequency
With more frequent and accelerated payments, you may pay a little more each month, but you’ll pay your mortgage down faster, saving you interest costs over the long term.
[caption id="attachment_922" align="aligncenter" width="580"] iStockphoto LP[/caption]Take advantage of your mortgage prepayment options
Pay down your mortgage faster and save thousands of dollars. Here’s how:[……]