Do you have a 15-year, 30-year, or soon-to-be mortgage with your name on it? Are you waiting for the day when you can kiss your mortgage goodbye and gain access to the almighty mortgage release or mortgage satisfaction documents from your lender?
No matter how long your mortgage term is, you have the power to end your relationship with your mortgage obligation whenever you are ready to commit to a payoff plan. All you have to do is identify your target mortgage payoff date and work backward to figure out what you have to do now to make it happen.
Ready to get started? Here are 3 ways to pay off your mortgage faster and get on track to achieving mortgage freedom.
1. Review Your Finances to Determine What You Can Afford
When people go through the mortgage approval process, they typically depend solely on the lender to tell them how much “borrowing power” they have based on the financial information that has been presented. Many people don’t