8 ways to pay off your mortgage faster

Spreading out payments over three decades not only allows you to have an affordable monthly payment, but also gives you enough room in your budget for other expenses.

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How amortization works

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Make biweekly payments

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Pay extra on your loan principal each month

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Refinancing into a shorter loan term is perhaps the most straightforward way to speed up paying off your mortgage — but, there are caveats.

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