The Modern Couple's Money Guide by Lesley-Anne Scorgie

Author:Lesley-Anne Scorgie
Language: eng
Format: epub
Publisher: Dundurn
Published: 2016-04-04T16:00:00+00:00

Burn Your Mortgage

Imagine being mortgage-free sooner. Your cash flow would be greatly increased, allowing you to invest more and improve your overall lifestyle. Most mortgages allow you to pay extra on the principal balance without having to refinance or renegotiate the mortgage terms.

A double-up payment means simply that you pay up to double the regular monthly, biweekly, or semi-monthly payment. If your regular monthly payment is $1,500, you could pay up to $1,500 extra as a double-up payment each month.

Imagine being mortgage-free sooner.

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