How nice it would be to finally own your home outright ... Earlier Mortgage Freedom: Applying Extra Funds to Principal Balance Suppose you don’t have $250,000 available to pay off your mortgage ...

making an extra payment each year is a smart way to pay off your mortgage early. You won’t see the fruits of your labor right away, but your hard work will be worth it when you own your home ...

If your mortgage includes an escrow account, you'll pay for two costs each month in your monthly mortgage payment: property taxes and home insurance ... make occasional extra payments toward ...

With biweekly mortgage payments, you split your monthly payment in half and pay it every two weeks. This payment schedule can help you save money on interest and build equity in your home faster.