mortgage

Save money by paying off mortgage early

Shrink your housing costs
Shrink your housing costs © Andy Dean Photography/Shutterstock.com

Shrink your housing costs

Selling your house might seem like a dramatic way to get rid of your mortgage, but it's certainly effective, leaving you free to buy a more affordable home for cash or become a renter without any housing debt.

Whether downsizing makes sense is largely a matter of your needs and personal lifestyle, yet Rogoszinski suggests it's "definitely something to consider." However, don't try to time the housing market by selling high and buying low. That's a strategy more appropriate for professional real estate investors than homeowners.

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