Mortgage, it could either be a blessing or a curse.
As much as everyone of us are trying to get our own home, when it comes to affordability only the richest can be able to afford purchasing a house no matter what the cost. As for the rest of us however, we would venture into financing and getting ourselves a mortgage.
We go shop and look here and there in order to get us the best deals for home mortgage. It is important to bear in mind the thought of when the day would come where you can get past the terms of your agreed payment. In all honesty, it's not always fun to deal with long term mortgages. There is a sizable 15 - 30 years amount of time that one can be trapped in paying off a debt, just because of owning a home.
It is also understandable that anyone who has debt will always want to pay it off and because this is a nice thought, an article with the statistics of state where one can pay of their mortgage faster (and slower) are featured on Realtor.
According to the article published in January 25, 2016, the State where you can pay off your mortgage the fastest Cleveland, Ohio. In Cleveland, the median list price is $128,000 and the number of years to easily pay off your mortgage debt would be around, 5.4 years.
Next is Rochester, New York with a 5.6 years of expected years to pay off your debt. The rest Pittsburg, Pennsylvania, with 5.8 years; Buffalo, New York, 5.1 years; Columbus, Ohio, 6.1 years.
At least with this little bit of info, you can also take into consideration the state you might want to live in if finances and paying off a mortgage quick is what you're after.
