How to Pay Off Your Mortgage Faster

For most people, buying your home is the biggest purchase of your life and with it a HUGE mortgage. On Financially Fabulous with Limor I share my top tips to pay off your mortgage faster and save thousands of dollars in the process.

Financially Fabulous with Limor – How to Pay Off Your Mortgage Faster – October 3, 2017

Here is a recap of the video:
-00:55 top 5 tips for paying off your mortgage faster
-01:00 #1 Accelerate your mortgage payments
-01:52 #2 Make lump sum payments
-02:21 When you make an extra payment, the money goes toward the principle of your mortgage
-02:59 #3 have multiple streams of income
-03:49 #4 Shop for mortgage options at renewal
-04:59 #5 Rent out any extra space you have
-05:42 Rent out your parking spot from 9-5
-06:08 Tweetable: Paying off your mortgage faster can save you thousands of dollars in interest
-06:29 Challenge: Brainstorm ideas of how you can make a little extra money so you can pay off your mortgage faster

Sean Cooper is the author of the new book, Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom for Canadians, available at Amazon, Indigo and major bookstores.