Do you get a tax refund check every year from Uncle Sam? Do you realize that you are giving him a 0% loan every year, while your paying interest on your mortgage? A way to get some of that money now (so you could prepay your mortgage of course) would be to raise your exemptions on your W-4 form with your employer. By raising your exemptions, you will have less money taken OUT of your check; therefore your take home pay will increase. Since you will receive more money with each check, you have now created a new source of funds to help prepay your mortgage.

NOTE: Consult your tax advisor to see how your exact numbers would apply to your situation.

By raising your exemptions you have more money now to apply to your mortgage, thus saving you money instead of loaning Uncle Sam your hard earned money at 0%!