05/25/2026
🏡 When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!
Let’s take a look at the options and how they work:
2️⃣ Increase Your Mortgage Payments*:
This is another fairly simple change you can execute today to start having more of an impact on your mortgage. Most lenders offer some sort of pre-payment privilege that allows you to increase your payment amount without penalty. This payment increase allowance can range from 10% to 20% payment increase from the original payment amount. If you earned a raise at work, or have come into some money, consider putting those funds right into your mortgage to help reduce your mortgage balance without you feeling like you are having to change your spending habits. 💰
*These options are only available for some mortgage products. Check your mortgage package or reach out to me to ensure these options are available to you and avoid any potential penalties. ⚠️
📢 If you’re looking to pay your mortgage off quicker, don’t hesitate to call me to go over your options in more detail today! 📞💬💻
Gina Best
📲 (604) 340-3600
📧 [email protected]
