If you can bonus or inheritance, even if the money is not enough to pay off your mortgage, pay your mortgage. Tell your mortgage officer to apply your payment all on the principal loan rather than on your monthly payment. By paying your mortgage as big as possible at this time, your monthly mortgage payment will fall into the principal loan every month. And your mortgage will pay off well ahead of time. Many people do not know about mortgages equity release. Some services like our equity release will provide the best service for you.
Paying off a mortgage is a good reason to celebrate. It is not uncommon for generations of years back to celebrate the day they pay off their mortgage by burning their mortgage documents. In today’s generation, many people bring their mortgage up to retirement and place themselves as slaves to their lifestyle. If you own your home, life feels free – free from mortgage payments – this is life!