5 easy steps are all it takes



1

Instead of monthly payments, consider semi-monthly, biweekly, or weekly. It's easy and because you're making payments a bit sooner each month, it adds up to big savings over the years.


2

Shorten your amortization period: the number of years needed to pay off your mortgage. The less time it takes, the less you pay in interest.


3

Increase your regular payments by as much as you can afford to. 


4

Each calendar year you can make additional lump sum payments of up to 20% of your original mortgage balance, which is a fast route to mortgage freedom. 


5

Each calendar year you can increase your mortgage payments by up to 20% therefore increasing the amount paid against your principal, , which is a fast route to mortgage freedom.