Is It Worth It To Make An Extra Mortgage Payment A Year

Many financial experts say that making just one extra mortgage payment a year can help you pay off your mortgage faster. But, if making an extra payment feels too much, try this…

Make one twelfth of that payment each month. That way by the twelfth month, you will have made one full extra payment on your mortgage. This strategy is easy and it will help you pay off your mortgage about four years sooner.