How to Become Mortgage-Free Faster without Breaking the Bank

To pay off your mortgage sooner, you need a plan right from the start. Here are some important steps in that plan.

• Be realistic about mortgage size. Don't talk yourself into paying more than you can comfortably afford, or you'll end up being "house poor".
• Reprioritize your budget. Analyze where all your money is going. Cut back on things that lose value immediately (like that big screen TV!) and invest in your mortgage instead.
• If you get a raise, increase your payments by the same percentage.
• If you get a bonus, make a lump sum payment.
• Make accelerated bi-weekly payments. This is a fairly painless way to make an extra payment every year.
• Put aside savings for annual lump sum payments. These can have a HUGE impact on total interest paid.
• Round up your payments. Take a number like $1,437.93 and round it up to $1,450. Even that tiny amount has a big impact over time.

For a free, no obligation Financial Analysis, where you can find out exactly how much interest you can save and how much faster we can help you become mortgage-free, without changing your household budget, call us today! Kupina Mortgage Team | www.kmortgage.ca