How long have you been in your current loan? There is benefit to shorten the term to 15 and 20 year fixed. The rate is lower. Get a low closing cost loan paired with a low rate. You should shop a few people and call it a day. I lend in all States. I provide very low closing cost, no points and no origination. Just pay the hard cost. Hope this helps. RC

You have a couple of options....one is obviously looking into a refinancing into a shorter term...25 yrs...20 yrs...etc....another option is to make additional principal payments at intervals that you choose...example an extra $100 per month...or an extra full payment every 6 months...you get the picture this will shorten the term as well. To see what works best for you feel free to contact me for a no obligation mortgage consultation...877-369-4319

You can refinance for 20, 15, or 10 years will be the best choice plus the rate is quite good now too. This way you can pay it off sooner. My name is Ana from First USA Home Loans and I have over 10 years of experience. Please call me at 1-877-472-9887 or email at avichaidist@firstusahomeloans.comNo obligation consultation

There are many ways to shorten your current 30 year mortgage without refinancing your current loan. If you are paid every two weeks a biweekly plan works best, you can cut a 30 year mortgage to a biweekly plan that can cut your mortgage to 22 years and a 15 year mortgage biweekly plan can be paid in as little as 12.5 years. For more information call me directly at First National Bank 801-738-6281 or Toll Free at 888-546-9927.

You have several options to consider:But before doing that what rate are you presently at?IF you rate is above 5% you may wish to refinance. Thier are loans out thier with low to no closing costs in case you should change your mind down the road and want to move. IF you really plan to stay thier forever you may wish to consider buying the rate down with points.IF you already have a low rate print an amorotization schedule to see how much extra you will have to pay to owner your house in 10 yr, 15 yrs 20 yrs ect.A simple strategy is that every time you make a payment on your mortgage include an extra principal payment. You will then knock one payment off of your loan. Bet as your balance decreases the extra principal payment amount increases.

Reducing the term on your mortgage is a very good idea and rates on a 10yr and 15yr are still low. I know you have had five or 6 people respond to this message and try to give you options. The best way to figure out your options is to call a couple of us and get a quote. I would be glad to give you a quote nad based of our conversation I can give you a qualified interest rate. The nice thing about doing business with me is based on the reposnses you received most of the lenders are from out of state. I do business right here is Utah. Give me a call I would love to help you out. Thanks,Brian SerbaMedallion Mortgagep.801-362-7730

Hi. All the information above is accurate, however, I don't see that anyone mentioned the Home Ownership Acceleration loan. I have a loan that will allow you to shorten the payoff time drastically by paying no more than you currently pay monthly on all your bills. There are certain qualifying factors taken into consideration. 680 credit score, 20% or more equity and it cannot be a cash out refi. If you meet those criteria, it is definitely something you should check out. We lend in 47 states. Patrick McCarthy, Northpointe Mortgage, 866-901-3576