5 ways to pay your mortgage off early

Refinancing your mortgage can help pay it off early, especially with current lower loan rates. Consider changing your mortgage terms to a shorter duration or taking cash out from a refinance to reduce your principal faster. Other strategies include making biweekly payments, using extra funds for additional payments, cutting expenses to apply savings to your mortgage, and downsizing your home. However, ensure that paying off your mortgage early aligns with your overall financial goals and check for any prepayment penalties.