Mia Taylor

4 Proven Strategies to Pay Off Your Mortgage Faster

The benefits of paying off your mortgage early include more financial freedom and eliminating significant debt. If you eliminate your monthly mortgage payment ahead of schedule, you could save thousands of dollars in interest. Paying your mortgage off also frees up cash that you can use to invest in real estate, retirement accounts, or elsewhere. 

January 1, 2025

Should You Buy Down Your Interest Rate on a Home Loan?

Buying down your interest rate involves paying an upfront fee to your lender to reduce the interest rate on your loan. The key advantages of a buydown are that it increases your purchase power and reduces your total cost over the life of the loan. However, you must consider your long-term goals and if the expense is worth the cost.

January 1, 2025