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Starwest Mortgage Corporation
1818 E. Southern Ave, Suite 15C
Mesa, AZ  85204
Info@StarWestMortgage.com

Arizona: (480) 962-5665
Tucson: (520) 303-9406
Utah: (801) 214-1777
Colorado: (720) 644-8078
Fax: (480) 545-0586

NMLS 164496 Arizona MB
0905975 Utah 5941296-NMLC
Colorado Registered MB

Pay Off Your Mortgage Faster

Get A
Custom Mortgage
Rate Quote

Here are some ways you can pay off your mortgage quickly.

Try and find any extra way to reduce your principle each month. Every little bit counts; paying just an extra $50 a month could reduce your 30-year loan by as much as 2.5 years. Doubling that payment to $100 could reduce your payoff time by about 4.5 years. Make sure when you pay extra that you indicate your applying it to your principle balance.

Try reducing your payments with a lower interest rate mortgage. This will give you the extra cash flow to pay down your principle each month. In some cases you can do this for NO COST. This will help you start saving right away. You can then use the snowball effect to pay off any other debt or pay down extra principle towards your mortgage.

This is one of the most effective ways to pay off your mortgage early. The majority of your monthly payment schedule is front-loaded with interest for the first few years. Prepaying or paying more than required can build equity quickly.

If you can afford a higher monthly payment, then refinance into a shorter term. We have 25-, 20-, 15-, and 10-year terms available. Usually, the rates are lower for the smaller term loans. Checkout our loan calculators, to determine your new payment.

Because there are 52 weeks out of the year and 12 months, If you pay half your regular mortgage payment every other week, you’ll have made 26 half-payments, or the equivalent of 13 full-monthly payments, at year’s end. The extra contribution can eliminate approximately six years from a 30-year mortgage. Check with the bank to see if they will setup a free bi-weekly payment plan. However, you can do this yourself. Paying to use an outside service is not recommended. You can accomplish the same objective by paying one extra payment per year towards your mortgage.


Find the additional payment required to pay off your loan early.
Early Payoff Calculator

Choose a program that might help you reduce your rate.


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Calculate your monthly payment and see how the principal is paid over time.
Payment Amortization Calculator

Why you should choose Starwest Mortgage for your home purchase:

 

NO CLOSING COST Mortgage!

Starwest pays for all the closing costs associated with the transaction. None of these fees are rolled onto the loan balance. Learn More

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