Wouldn’t it be nice if we lived in a free and clear home? If you do not have the additional funds to make principal payments, an easy answer to this would be to make your mortgage payments biweekly. By sending in half of your monthly mortgage payment every two weeks, you make the equivalent of one extra payment a year. Following this schedule on a $300,000, 30 year loan, you would save $77,000 over the life of the loan and pay it off much faster!

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