Irina Saveliev, founder of Denver-based company Paidoff™ (303-870-8337), has published a new guide with advice for Colorado homeowners who are looking to accelerate their mortgage payoff amid rising costs.
—
More commonly known as The Mortgage Breaker™ due to her reputation for smashing mortgage repayment times, Irina shared her expert advice to help Coloradans combat the rising costs of home ownership which have increased substantially in the years following the pandemic lockdown.
Further details are available at https://www.thepaidoff.com/4-ways-to-pay-off-your-home-faster-in-todays-high-cost-economy
Americans are feeling the economic pinch across the board, with the cost of gas, groceries and everyday essentials increasing exponentially, explains Paidoff. Add to this an inflated real estate market, skyrocketing property taxes and spiraling homeowner’s insurance premiums, and it is no wonder that the average family is looking for ways to pay off their mortgage as quickly as possible to secure some financial freedom.
Irina believes that by following the four steps of Paidoff’s Much Faster Formula™, detailed in her recently published guide, homeowners can reduce the amount of time it takes to pay back their mortgage by years, if not decades.
The first step that Irina encourages homeowners to take is to make extra payments against the principal whenever possible. She explains that often this requires making cuts to household expenses to free up funds for extra mortgage payments, which is usually the most difficult step for families feeling the pinch.
One way in which Paidoff encourages making extra payments is to shift to a bi-weekly payment schedule: step two of the Much Faster Formula. Making payments every two weeks rather than each month means that homeowners make 13 payments per year, rather than 12, thus reducing interest accumulation and ensuring that the principal is reduced year on year.
Homeowners could also consider refinancing to a shorter-term loan, says Paidoff. Although, as Irina explains, this third step to repaying a mortgage Much Faster™ results in higher monthly payments. Therefore, those considering this option should consult with an expert mortgage advisor before committing to a more intensive payment plan.
The final piece of advice from The Mortgage Breaker, is to use a HELOC (home equity line of credit) to ensure that payments go directly towards the principal loan rather than the compound interest. This approach also allows for unlimited payments, meaning that there is even more scope to pay off the mortgage when homeowners are financially able.
“I have personally experienced those same financial struggles and it was adopting the money-saving principles which we’ve encapsulated in our Much Faster Formula that helped me to pay off my 15-year mortgage in less than two years,” said Irina Saveliev. “Most people don’t realize that it is possible to get mortgage-free sooner; and I hope by sharing my insider advice that I can help more homeowners to realize that dream.”
Those interested in finding out more about how the four guiding principles of the Much Faster Formula could help them to pay off their mortgage quickly are encouraged to contact Irina The Mortgage Breaker at Paidoff™ by calling 303-870-8337 or visiting https://www.thepaidoff.com/4-ways-to-pay-off-your-home-faster-in-todays-high-cost-economy
Contact Info:
Name: Irina Saveliev
Email: Send Email
Organization: Paidoff
Address: 600 South Cherry Street Suite 143, Denver, COLORADO 80246, United States
Phone: +1-303-870-8337
Website: https://www.thepaidoff.com/
Source: PressCable
Release ID: 89134577
Should any problems, inaccuracies, or doubts arise from the content contained within this press release, we kindly request that you inform us immediately by contacting error@releasecontact.com (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is at the core of our commitment to our readers.
