Make an extra mortgage payment every year
12 months, 13 payments. There are a couple of ways to pull off this tactic. You can save up throughout the year and make an extra payment. Or, for those who get paid biweekly, harness part or all of those "extra" or "third" checks.
The equivalent of 13 payments a year will slice years from a new 30-year mortgage, Tyson says.
Bankrate's mortgage calculator lets you see how much time you can shave off by making an extra payment each year. Click "Show Amortization Schedule."
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