There are several mortgage payoff strategies that homeowners can consider to pay off their mortgage faster and save on interest costs. Some of the common strategies include:

• Bi-Weekly Payments: Making bi-weekly instead of monthly mortgage payments can result in an extra full payment each year, helping to reduce the principal balance faster.
• Extra Payments: Applying extra funds towards the principal balance of the mortgage can help to shorten the term of the loan and reduce the total interest paid.
• Refinancing to a Shorter Term: Refinancing from a 30-year to a 15-year mortgage can help homeowners pay off their loan quicker and save on interest.
• Making Lump-Sum Payments: Using windfalls such as tax refunds or bonuses to make lump-sum payments towards the mortgage principal can significantly reduce the loan term.

It's important for homeowners to carefully consider their financial situation and long-term goals when choosing a mortgage payoff strategy. Consulting with a financial advisor or mortgage professional can provide personalized guidance based on individual circumstances.