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5 Tips to Pay Off Your Mortgage Faster

Ellen Cook June 4, 2025

Want to pay off your mortgage faster? Here are 5 tips to consider:

1) Make biweekly payments instead of monthly. Bi-weekly payments of half your monthly mortgage = 26 half payments per year = 13 full payments! This simple change trims years off your mortgage and saves thousands in interest.
 
2) Round up your payments. Every little bit counts and savings add up over time.
 
3) Make extra principal payments whenever you can. This will reduce the overall amount of interest you pay. 
 
4) If interest rates drop, refinance to a lower interest rate. This can save you a significant amount of money in the long run. 
 
5) Consider a shorter loan term. While this may mean higher monthly payments, you'll pay off your mortgage faster and save on interest.

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Ellen Thomas blends analytical insight with refined service to deliver a seamless real estate experience. Known for her thoughtful guidance and strong client advocacy, she helps buyers and sellers navigate every move with confidence and clarity.