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But if youre living off the average U.S. salary, which theU.S.
Here are the five best ways topay off your mortgage early on an average income.
Even rounding up your current payment can help.
Say you took out a $300,000 30-year fixed-rate mortgage at 4.7% in June 2018.
Plus, you would cut your payoff time by nearly 2.5 years.
Just confirm the extra money goes toward the principal.
The same can apply to less frequent windfalls such as inheritances, property sales and insurance payouts.
Consider putting the whole amount toward your home loans principal.
The other strategies are probably more likely to fit your needs unless you areentering retirement and plan to downsizeanyway.
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