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Paying off your mortgage faster

Author: External Author | | Categories: Down Payment , Mortgage Broker , Mortgage Industry

To pay off your mortgage faster, consider putting extra money toward your mortgage.

Your mortgage contract may allow you to:

  • increase the amount of your regular payments
  • make lump-sum payments

Your lender calls this a prepayment or prepayment privilege. Check your mortgage contract or contact your lender to find out about your prepayment options.

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Article Written By: NA

Original Article Posted on: 16th September 2020

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