Let’s face it, no one takes a mortgage because they like its features…..
We get a mortgage so we can own our home and pay as little as possible for the privilege.
Mortgage lenders don’t sell you a loan… They help you get a home, and the mortgage just helps make it happen.
Well, you own your home now, complete with the big mortgage. Now what?
Given you just want a home, the mortgage is like a wart on your nose. It might be part of you, but you’d definitely prefer it was gone. So how about getting rid of it.
You’ll find lots of good ideas on the net (I wrote some of them) on ways to reduce your loan more quickly and ways to find savings in your loan. All these are designed to shave some years off your loan. Many of these are terrific ideas. A 5 year saving on your loan term might not seem much at the beginning of the loan, but when you get towards the end, you’ll be glad they are gone. Continue reading ‘Get Rid of the Home Loan – If Yesterday is Too Late and 5 Years Seems Like a Long Time, Read on’ »