Purchasing a house is a big accomlishment for any class of people. Paying off home loan is something home owner strive for. Paying off your mortgage faster help you to save money. It is always better to pay off loan earlier. The strategies to payoff home-loan faster are as follow:
Make partial payments whenever possible.
For first few years, cut your expenses and live below your means.
Open flexi loan account it will help you to prepay the dues.
Don’t wait for end of the year to prepay loan amount, as now a days with most of the banks there is no charges for prepayment of home loan.
Pay establishment and legal fees upfront as it saves your money. Best of luck 🙂