Paying off your mortgage early and living mortgage-free so you can use the money for other things-such as travel and an early retirement-can sound like a pipe-dream that's impossible to get to, but it doesn't have to be. If you have a 30-year mortgage, there are a few ways to cut that time in half, or at least come close to it: Add a monthly payment each year This easy step will cut about three years off a 30-year mortgage by spreading out one extra monthly mortgage payment over a year.
