You too can join the millions who have paid off their mortgage just by being more prudent. You can find out exactly where you stand by using a mortgage calculator.

Just because you have been paying the least amount in the past, that doesn’t mean you can’t make extra contributions now. If possible, try to refinance to a lower interest rate. Additionally it’s wise to be sure that if you pay off your mortgage early, your mortgage lender can’t invoke a penalty It’s not difficult to see if the mortgage company puts a cap on the amount you can pay.

So, make the new car wait until you’ve saved to pay off some of your mortgage. Your assets will soon grow if you show a little discipline, a small amount of determination and put some extra dollars each month towards your mortgage.