Your biggest loan is probably your mortgage. Right? Most of us have a 30 year mortgage. What if you could afford to pay it off faster? I think many families can accomplish this with some proper planning.
Did you know that on a typical 30 year home mortgage loan you will pay more in interest payments than you even borrowed in the first place? That's right! On a normal 30 year loan of $300,000 for example, you will pay back over $600,000 in total, including principal and interest.
If that does not convince you that part of a sound financial plan should include a system to eliminate your mortgage faster, I don't know what will.
I'd like to show you 4 effective ways to make that happen.
Plan #1) Refinance your loan. You can refinance to a