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Results: Mortgage Prepayment options

Published on 09/11/2015
By: Ollieboo
1580
Money
1.
1.
If you have a mortgage do you ever take advantage of pre-payment options to get it paid off sooner?
Yes
19%
304 votes
No
19%
300 votes
Undecided
5%
74 votes
Not Applicable
57%
902 votes
2.
2.
Which options have you used?
Lump sum principal payment
9%
148 votes
Double up monthly payment
7%
115 votes
Bi-weekly payments
10%
155 votes
Raising your regular payment
9%
150 votes
What?? I have a mortgage but I have no idea what any of these are.....
7%
116 votes
N/A I don't have a mortgage
64%
1015 votes
3.
3.
Using these methods can reduce your interest and the time you take to pay off your mortgage. Will you consider using them in the future?
Yes
25%
388 votes
No
8%
123 votes
Undecided
9%
135 votes
Not Applicable
59%
934 votes
COMMENTS