Only 34% of Americans own their homes free and clear. All other homeowners have a mortgage that they are chipping away at every month. Some experts believe that the interest paid on home mortgages is “good” interest because it is deductible for tax purposes. However, it may be to your advantage to work towards Getting the Mortgage Monkey Off Your Back by paying it off early. If you are one of those people, then you may want to consider paying it off early.
We’re providing seven strategies to help you do just that! These tips could also help you pay off other forms of debt more quickly, too. Paying off any debt could improve your credit score and help you increase your wealth.
If you have any questions about your specific mortgage and finances, feel free to Contact Us today. We can arrange a referral for you, for your family or for your friends to one of the great lenders and financial experts in our Business Directory with whom we work so that we can help you review your options.
This is an article that is part of our Client Appreciation Program and is found in the Financial Literacy category.