Most new homeowners do not think about making their home part of their retirement plan so soon after purchasing. After all, 30-years of payments seems like a daunting task to most individuals.

It is never too early to start thinking about retirement–and it is never too early to start pre-paying your mortgage. Just as $100 saved early in life will be worth many times more than $100 saved later in life, $100 pre-paid on a mortgage earlier in the process can shorten the term of the mortgage much more effectively than $100 pre-paid years down the line.

As a matter of fact, a few hundred dollars per month can take years off your mortgage and will save you tens ofthousands of dollars in interest. The key is to know how much extra payment will save you how many years. This is where I hope to help you. If you would like me to run some numbers for you, I would be happy to do a “pre-payment analysis.” Just give me a call.

And if you know anyone else who would like such an analysis on their current mortgage, or is interested in purchasing a new home or refinancing their current home, let me know. Such an analysis may help solidify their decision regarding choosing a 30, 20 or 15-year mortgage.