Just Bought a Home? Use This Rule to Pay Off Your Mortgage Fast

Ashley Maready, The Motley Fool

January 27, 2023 at 7:00 a.m.·4 min read

Just Bought a Home? Use This Rule to Pay Off Your Mortgage Fast

While conditions certainly haven't been ideal for buyers over the last couple of years, with competition and elevated home prices (and rising mortgage rates over the course of 2022), some people have managed to buy a home recently. If the stars aligned for you and you're now staring at 30 long years of mortgage payments, you might be wondering how to get out from under it sooner. You may also have bought with a down payment under 20%, meaning you're now paying for mortgage insurance.

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