Home Loan Blog

Smart Strategies to Pay Off Your Mortgage Faster

First off, we just wanted to send a huge thank you to all of you who joined us for our referral dinner last week! It was truly inspiring to hear about your experiences with us and how you’ve helped spread the word to your friends and colleagues. We’ve included a video compilation from the evening. Don’t forget to check it out. 👉 

Accelerate Your Path to Homeownership

Dreaming of a life free from mortgage payments?  The thought of shedding that monthly burden and truly owning your home is a powerful motivator. The good news is, achieving homeownership goals faster is possible with some strategic planning.

In today’s Flash FInance Update, we will equip you with powerful strategies to shave years off your mortgage and unlock financial freedom sooner.

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Let’s Slash Those Years!

  • Boost Your Payments: Even a small increase in your monthly payment can make a big difference. Consider rounding up your payment or redirecting tax refunds or bonuses towards your principal balance.
  • Explore Bi-Weekly Payments: Switching to bi-weekly payments effectively adds one extra payment per year, accelerating your payoff timeline.
  • Refinance for Savings: If interest rates have dropped significantly since you purchased your home, refinancing to a shorter-term loan can save you a substantial amount of money in the long run.

Owning your home sooner is an achievable goal!

By implementing these strategies, maintaining financial discipline, and celebrating your progress, you’ll be well on your way to achieving financial freedom and enjoying the peace of mind that comes with owning your home outright. Book a time to chat with one of our brokers to learn more.

As always, if we can be of any assistance and you would like a one-on-one consultation for any loan type, please reach out and book a time with us here.

Talk soon,