Are you feeling weighed down by the years remaining on your mortgage? Worried about when you should lock in your variable rate, or unsure of refinancing with rates on the rise? Having a mortgage hanging over your head can be an awfully big burden. You look at the size of the loan and the time it will take to repay it, and understandably feel financially exhausted. If you really want to make yourself miserable, add up the interest you'll pay over 25 years, the usual amortization.
Getting a good interest rate is crucial, but there's a lot more you can do to ensure that you are mortgage free sooner. Flexibility and options are key - and the advice of an unbiased mortgage professional can help you make the most of these alternatives.
You'll be surprised at how much money you can save — and how much quicker you can pay off your mortgage — just by taking several small steps.
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