Paying off your mortgage faster is a tempting goal. After all, who doesn’t want to own their home outright sooner and save on interest along the way? One way to do this is by lowering your amortization period, which is the time it takes to repay your mortgage in full. But is it the right move for you?  What Happens When You Lower Your Amortization? Lowering your amortization means shortening the repayment period for your mortgage. For example, instead of a 30-year term, you might … [Read more...]