Paying off your mortgage sooner is simpler than most people realize.

If you sometimes wonder whether you'll ever pay off your mortgage, you're not alone.

The good news is there's a simple strategy that can shave years off your mortgage while saving you thousands of dollars in interest!

Making bi-weekly accelerated payments is one of the easiest ways to make your mortgage magically disappear without making massive changes to your budget.

Most of us pay our mortgage each month, but accelerated bi-weekly payments can put thousands of dollars back in your pocket without the need to save up huge lump sum payments.

Just reach out to your lender and ask them to divide your monthly payment in half and then pay that amount every two weeks. The result will be 26 payments over the course of the year, which translates into 13 monthly payments instead of 12.

You'll essentially be paying an extra monthly payment each year without even realizing it. The additional amount directly pays down the principal, which significantly reduces the amount of interest you’ll have to pay.

For example, on a $500,000 mortgage at 4% amortized over 25 years, switching to accelerated bi-weekly payments would save you $31,700 in interest and shave nearly three years off your mortgage!

Sometimes a small tweak to your payment schedule is just the beginning. If you’d like a professional review of your options, I’d be happy to connect you with my trusted mortgage broker who can help you save even more.