Five Ways to Pay Off Your Mortgage Loan Faster | Banking & Finance > Banking, Lending & Credit Services from AllBusiness.com
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Own Your Home Sooner

A home mortgage is the largest monthly expense for most Americans. It's also an expense that most people can look forward to paying for a long time -- typically between 15 and 30 years. This can make the idea of paying off a home mortgage early very tempting.

Doing so can free up hundreds (or maybe thousands) of dollars a month that can be put toward other uses -- whether saving for retirement or college, paying down other consumer debt, or simply spending on recreation or luxuries -- and save tens of thousands of dollars in interest. Here are five strategies you may be able to implement to pay off your mortgage early.

-- Don Sadler

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