⚠️ For educational purposes only. Consult a licensed professional for personalized guidance.
Mortgage Strategies

Round-Up Payment Method

Round your mortgage payment up to the nearest $50 or $100. The small extra amount goes directly to principal every month. Almost painless — meaningful results over the life of the loan.

Difficulty: ⭐ Beginner Category: Mortgage Strategies
Best for

Tight budgets where even $25–$50 extra per month is all that's available.

How to do it — step by step
1

If your payment is $1,347 — pay $1,400. Label the $53 as principal only.

2

Set this as your fixed auto-pay amount going forward.

3

Revisit yearly and round up to the next $100 if your income has increased.

Advantages & considerations
Advantages
  • Minimal impact on monthly budget
  • Easy to set and completely forget
  • No extra decision-making required
Worth Knowing
  • Slowest of all mortgage payoff methods
  • Very small amounts take decades to make a significant difference
Related systems
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