Paying your mortgage off early may be easier than you think. If you can pay an additional twelvth of your payment each month you can pay a thirty year mortgage off in less than twenty years. So it works like this. For example, if your payment is $1200 a month, you will write one check for the $1200 and another check for $100. On the $100 check write “apply to principle” in the memo. By doing this every month, you will be making an extra payment each year. You will also be paying interest on $100 less dollars every month. Even if you can not come up with the $100 per month, anything extra will help.
