"Take care of the pennies and the dollars will take care of themselves!"
The key to paying off your mortgage ahead of plan will depend on how effectively you utilize the mortgage features at your disposal. You can outpace your neighbors by focusing on:
Increasing your payment frequency with particular emphasis on accelerated payment options
Taking advantage of your prepayment options and applying additional payments more frequently without waiting to build your prepayment to a particular increment
Where multiple mortgages are a part of your portfolio, focusing on paying off the segment at the highest rate first
Use the prepayment analyzer provided on the right of the screen to develop your payment plan and let the savings begin!