You can make accelerated mortgage payments to pay off your home equity mortgage loan early.

One way to pay off your home equity mortgage loan early is to make accelerated mortgage payments. Accelerated mortgage payments are payments that pay off more of your home equity mortgage loan per year than normal monthly mortgage payments do.

When you make accelerated mortgage payments on your home equity mortgage loan, you end up making more payments in a year than with non-accelerated mortgage payments.

For example, with accelerated bi-weekly mortgage payments, you would be making one additional monthly mortgage payment on your home equity mortgage loan per year. And with more mortgage payments per year, you'll repay your principal (the amount you borrowed) faster and have less principal to be charged interest on. And when there's less principal to repay and less interest to pay, you'll pay off your home equity mortgage loan, early.