Are you interested in learning how to pay off your mortgage early?
Have you ever dreamt of what life would be like without a mortgage? What would you do without your monthly mortgage payment?
Now that I’ve got you thinking, you are probably wondering how you can make this possible.
To get you even more excited, here are some of the benefits of a paid-off house:
- You will no longer have a mortgage! Okay, I know this is obvious, but it is a big deal. Considering that your home is usually your biggest budget expense, that’s a lot of money you won’t need to spend each month.
- You can free up cash flow to put towards other things. This means that you can have more money to put towards retirement, vacations, and so on.
- You’ll have more freedom because you won’t have a huge monthly payment hanging over your head.
If you are currently paying $1,000 each month towards your mortgage, getting rid of your mortgage payment means every year you could potentially max out your IRA, go on a vacation, and still put some money in savings. [Read more…]