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Purchasing a home is a dream for pretty much everyone. But, taking on that massive debt can prevent you from retiring earlier, sending the kids to college, or taking that dream vacation. Like any other debt, if you’re able to get rid of your mortgage as soon as possible, the better off you’ll be down the road.
This may sound like an uphill battle that you can’t win, but if you follow these 12 expert tips, you may be able to actually pay your mortgage off within a decade.
1. Purchase a Home You Can Afford
“If you want to finance a home, you’ll need to get prequalified first,” writes Mike Timmerman, who paid off his mortgage in just two years. “The bank will look at your overall financial picture and spit out an amount that you’re likely to get a loan for. Some people use this number to set a housing budget, but not me.”
