Clayton Homes: Tips to Pay Off Your Mortgage Faster

Posted by Robbie Johal on Wednesday, June 11th, 2014 at 1:40pm

The purchase of a Clayton home is one of the most important investments you will make. Once you’ve purchased your first home and settled comfortably in it, you may begin to wonder how you can pay your mortgage off faster.

I’ve compiled some quick tips to help you pay off your mortgage quickly and efficiently:

1) Increase Your Payment Frequency. There are several financial institutions with a wide range of payment options for first-time homebuyers. Whatever the plan you select, you can save interest by making more frequent payments on top of your regularly scheduled payments.

2) Increase The Amount Of Your Mortgage Payments. Putting any funds from an increased cash flow towards your mortgage payments can shorten the term of your mortgage.

3) Round Up Your Mortgage Payments. Let’s say your mortgage is $443. Rather than paying that exact amount, pay $500 instead.

Setting your budget is an important first step if you’re thinking of buying a Clayton home for sale. As a professional and experienced real estate agent, I can help you find the best Clayton home that fits your lifestyle and budget. We do this by working together to determine your needs and wants through a complimentary Home Buyers Consultation.

Contact me today and ask how I help Clayton home buyers! Alternatively, you can begin searching for Clayton homes currently on the market.

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