Speeding up my mortgage payoff

[TheGreatSatan]

I just started a payment plan for my mortgage that will allow me to make 2 payments each month. In doing so I will pay off my loan 5 years sooner and save me $19,000 in interest. Is anyone else doing something like this? Or do you have another way to go about paying off your mortgage sooner?

 

[tucker01]

I pay weekly to speed up the process. Plus it is easier to manage the bills as I get paid weekly as well.

 

[Doublebase]

United First Financial > Home

I currently have 29.3 years left on my mortgage. I will have my mortgage paid off in 15 years by applying 100$ more a month. You find me a mortgage calculator that will do that for you.

 

[maniclion]

We don't have a mortgage, we don't pay rent. It's a good thing my GF inherited her house from her grandmother...

 

[Doublebase]

We don't have a mortgage, we don't pay rent. It's a good thing my GF inherited her house from her grandmother...

Nice. Must be nice. You do get a feeling of self accomplishment when buying your first home. I'd rather have your situation though.