
Most home buyers take out a mortgage to help finance buying a home. As a result, many homeowners are faced with a monthly mortgage payment during the time they are raising their children or sending them off to college. What if a way existed to pay off your home loan early in order to free up the money for the kind of adventures every family longs to have? Fortunately, a few strategies do exist that can help you to shave years off your mortgage term. All you need to do is incorporate as many of them as you can into your life to create the kind of impact you are looking to achieve. Here's a look at several easy ways to pay your mortgage off early.
Round Up Your Monthly Payment
Instead of paying the exact amount of your monthly payment, you can round up to the next even number. For example, if your monthly mortgage payment is supposed to be $1425, you can pay $1500. While this additional $75 may not seem like it is going to make a difference, it does. Plus, you probably won't even miss this...