Paying off your mortgage early can lead to significant interest savings and improved cash flow for retirement. To achieve this, consider making extra payments toward the principal, switching to biweekly payments, or rounding up your monthly payments. Applying unexpected income as lump-sum payments can also help. Refinancing to a shorter loan term may save on interest, but assess your financial situation first. Staying disciplined and tracking your progress is essential for success. Implementing these strategies can bring you closer to financial freedom.
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