AN EASY WAY TO CUT 4 YEARS OFF YOUR MOTGAGE

A good advice for homeowners is to switch from the monthly mortgage to either weekly or bi-weekly payments. It’s the least painful, simplest way to shave approximately four years off the life of a traditional 30-year fixed rate mortgage.

First, contact your lender to establish a direct draft from your account for the mortgage payments. Next, ask your lender to establish payment every two weeks.

This simple change in your payment schedule will cut approximately four years off your repayment period. Check with your lender for an exact calculation of the reduction in years based on your individual circumstances.

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