Interest rates are the lowest we have ever seen. If your mortgage is coming up for renewal, or if it makes sense to refinance and pay out some higher interest debt, the timing couldn’t be better.

 If, however,  refinancing isn’t an option, we would like to make a couple of recommendations that are easy to do and can save you a ton of interest.

1. Bi-weekly Accelerated Payments. If you can manage the  accelerated payments within your budget, you can knock 4.4 years off your mortgage.

2. Raise your bi-weekly payments by $10.00 each year for the remaining four years of your term, and you will knock another 9 years off your mortgage.

These are just a couple of easy -to-do suggestions to help you be mortgage-free sooner. Remember that every extra penny you pay over your regular payments comes right off the        principal. It’s a win-win!