How to Pay Off Your Mortgage Early Home

Did you know you can save thousands of dollars in interest and pay off your mortgage faster by paying your mortgage bi-weekly vs. monthly?  Discover your home's true worth with The Antonov Group's Home Sale Calculator. Accurate, swift, and tailored for your property's value!

Here’s how this works…

By paying 1/2 of your monthly payment every two weeks, your mortgage company will receive the equivalent of 13 monthly payments instead of 12 each year.

In other words, you will make a total of 26 half payments which is the equivalent of one extra payment a year. (Helping you pay down your principal faster…)

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Now let’s look at this in practice. 👇

If you start with a $400,000 30-year mortgage at a 6% interest rate, your monthly payment is $2,398.20.

BUT (and here’s the game-changing part)...

Your accelerated bi-weekly payment is $1,199.10!

You do the math. The Antonov Group busts myths surrounding millennial home costs. Empowering informed decisions for the next generation of homeowners! 

At the end of the day, this mind-blowing simple trick SAVES you a whopping $96,554 in interest!

The result? You pay off your mortgage in exactly 24,7 years. 

If you want to explore how this could work for YOU and your specific situation, schedule a free consultation call with me so I can set you up for maximum success. 

how to pay mortgage faster

No selling, no obligations – just a relaxed virtual coffee chat to connect and see how I and my team of expert Realtors® can help you on your journey. The Antonov Group: Mastering the art of adding value to your property. Elevate your home's worth with expert guidance and strategic insights!

I can’t wait to connect with you!

In the realm of personal finance, the weight of a mortgage can often feel like an unshakeable burden. However, for those seeking to break free from the chains of mortgage debt, there are actionable strategies that can accelerate the journey to financial freedom.

Refinancing your mortgage can be a powerful tool in your arsenal. Lowering your interest rate or shortening the loan term can save you thousands in interest payments over time. But be sure to weigh the costs associated with refinancing against the potential savings.

how to pay off mortgage fast

Consider making biweekly payments instead of monthly ones. By paying half of your monthly mortgage every two weeks, you'll end up making 13 full payments each year instead of the usual 12, ultimately shaving years off your mortgage term.

How to Pay Off Your Mortgage Faster: Strategies and Tips for Financial Freedom

Whenever unexpected cash comes your way, whether it's a bonus, tax refund, or inheritance, consider putting it towards your mortgage. Even modest lump sum payments can significantly reduce your principal balance and interest payments over time.

Take a hard look at your monthly expenses and identify areas where you can cut back. By reallocating these funds towards your mortgage, you'll accelerate your journey towards debt freedom.

Similarly, windfalls such as bonuses or gifts provide an excellent opportunity to make a sizable dent in your mortgage balance. Resist the temptation to splurge and instead channel these windfalls towards your financial goals.

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If your current home is more than you need or can comfortably afford, downsizing could be a viable option. Selling your larger home and purchasing a smaller, more affordable one can free up funds to pay off your mortgage faster.

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