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Updated over 5 years ago,

User Stats

5
Posts
1
Votes
Kelli Aberle
  • Denver, NC
1
Votes |
5
Posts

best way to payoff mortgage

Kelli Aberle
  • Denver, NC
Posted

What is the best way to payoff a mortgage. I am reading that you can either add extra each month or make one additional payment each year. I think I read that making one extra payment in a year is somehow better than extra money each month and causes the loan to be paid down faster. I currently own 4 properties. 2 are free and clear. 2 have mortgages that I would like to have paid off in 5 years. I am closing on 2 additional properties as we speak (which will also have loans). We are long term investors looking for passive income. Thanks.

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