How Can I Pay Off My Mortgage Faster?

How Can I Pay Off My Mortgage Faster? You can reduce your mortgage amortization by making additional payments. If you have a $400,000 mortgage loan at a 3.5% variable interest rate, amortized for 30 years, your monthly payment is $1,790.55. If you can make additional monthly payments of $500, you shorten your mortgage by 5.7 […]