Friday, September 25, 2009

Pay Off Mortgage Faster Plan - 5 Ways to Pay Off Your Mortgage Early

Many people would like to pay off their house faster. Having a mortgage in uncertain times is a major cause of stress in life. If this describes you, then try this pay off mortgage faster plan that has helped over many people to a mortgage-free life.


First, you'll need to come up with a monthly amount that you can use to pay down your debts. Start by looking at your expenses and see where you can cut back. If you can't find ways to cut expenses, then can you find a way to earn more money? Either way, you'll need to find some extra money to get the process going.

Second, make a list of all of your debts from smallest to largest. For most people, there debt list will range from credit cards, to car payments, to their mortgage. Usually the mortgage is always last because it's the one that you owe the most on.

Third, let's start attacking your credit cards first. A journey begins with one step. If you take on your big mortgage first, then you may be too tired before you start. Let's start paying off our smaller debts first and build up some momentum.

Fourth, after you've paid off your credit cards, then start paying down your car. By this point, you'll have extra money coming in each month because you'll no longer have monthly credit card payments. Use this extra money to pay off your car.

Fifth, after you've paid off your car, then start going after your mortgage. If you've been paying down a lot of debts at this point, then it's ok to take a break for a month or two. In fact, you may want to celebrate your success by saving up some of this extra money coming in and take a vacation - cash! Just be sure to get back on the plan and attack your mortgage. Use the money that you were wasting on credit cards and car payments to start paying off your house. If you do this right, most people can have all of their debts, including their home, paid for in 5 to 10 years! That sure beats being up to your eyeballs in credit card debt and having a big house payment after 29 years!

There are plenty of resources out there that can help you focus on your goal of becoming debt-free. Reading articles like this one is a great start.

But where can you find the right information to help pay off your mortgage faster?

Pay Off Mortgage Faster - Discover the #1 debt elimination course that has helped over 300 people obtain a debt-free, stress-free lifestyle.

(This one resource has helped hundreds of people.)

Can you afford not to have this information?

Visit http://www.debtintowealth.org for immediate access.