Top 3 Tips for Mortgage Freedom

When you’re trying to pay off a mortgage fast, little things can make a big difference! Here are my top 3 tips for making those payments a little bit less of a struggle.

1. Change your mortgage payments to weekly or fortnightly. This means while the payments are only a fraction more over the course of the month, you pay an ‘extra’ payment over the year. It also means you pay less interest on your mortgage, as the interest amount is calculated daily. If you don’t think this could make much f a difference think again! There is a reason this is the #1 tip. Changing this alone will save you thousands of dollars and years off your loan. Go ahead, check it out.

2. Set up a savings account and a weekly direct debit. Even saving $20 a week will give you over a grand a year to spend on something you WANT. It’s nice knowing you have spending money when it seems like your entire pay packet is going into the mortgage…

3. Eat and drink at home. You would be amazed at how much you actually spend on coffee, lunches, and takeaway dinners over the course of a month. In fact- add it up. Write down everything you spend on food and drink when you’re out and about for 4 weeks and see what the true cost of those coffee’s is.

If you’re looking for a more in depth guide on how to pay off your mortgage fast, then check out my bestselling book.
It is chock full of useful information on not only setting up and paying off your mortgage, but finding a great house in a great area. Grab your copy today!
Mortgage Free- How to pay off your mortgage in under 10 years – without becoming a drug dealer.

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