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What is the quickest way to pay off a mortgage in under 10 years?
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Juanita Simkins
Juanita Simkins
Broker Associate at NextAge Pikes Peak Property, Expert Realtor & Certified Negotiation Expert
Colorado Springs, Colorado
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Anthony Burton
Anthony Burton
Realtor, Post Realty & Associates LLC
Waynesville, Missouri
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1 year
ago
Extra payment applied to you monthly mortgage payments. However make sure the extra payment is put toward your principal and not just dumped into your regular mortgage payment. I play with a mortgage calculator quite a bit and and an extra $100 a month can cut your loan by 5 years, give or take.
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