Always try to pay off your mortgage as quickly as possible. Pay down extra principal in the early years of your mortgage to shorten the life of your mortgage and dramatically lower the interest you'll pay over the long haul. Check "Paying Off Your Mortgage Faster" tips and info below...
Get a mortgage that will allow you to make large lump-sum contributions and increase your monthly payments if you decide to pay down your debt faster.
Increase your mortgage payment annually to the most you can afford.
Make accelerated bi-weekly payments to get a "free" principal reduction equivalent to one full mortgage payment every year - painlessly.
The average mortgage must be paid off in 25 years. By selecting a shorter amortization period you can cut years off your mortgage.
Get a portable mortgage. This means you can transfer your mortgage to your new home and combine it with a new loan, if necessary without penalty.
Get an assumable mortgage. That would allow you to leave your mortgage behind (without penalty) for another qualified buyer instead of breaking it.
Regardless of how certain you are that you will get mortgage, it is always good idea to get pre-approved."