In too many developed countries, people are drowning in debt. Separate from student loans, credit cards and lines of credit, mortgages are among the largest loans for most consumers. In a number of countries mortgage debt reached its highest recorded levels, and continues to increase year after year.
Debt is often unavoidable, particularly when it comes to buying somewhere to live. However it makes sense to have a goal to eliminate debt, and to take the necessary steps to help make that goal become a reality. No one wants to enter their twilight years with a large mortgage.
In order to put yourself on the path to paying off your mortgage faster and staying out of debt in the future, consider the following suggestions.