Want to know how to pay off a mortgage early? Despite all the doom and gloom in the news, eliminating your debt in less than 15 years is possible. However, it’s important that you plan ahead. If you have yet to buy a home, try to put off the purchase until you have enough cash to put 100% down—seriously!
Of course, if you can’t postpone the purchase until you can pay all cash, try to save as much as 10%, 20% or even 50% of the home’s value. The more you pay up front, the less money you’ll need to finance and the lower your monthly mortgage payments will be. You will also save on private mortgage insurance and interest, which equates to more cash to put toward your home each month
