Michael Inkman

Fairway Independent Mortgage Corp.

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Michael Inkman | Fairway Independent Mortgage Corporation
5.0
Based on 103 reviews
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Lee Vanvolkenburg
15:43 23 Nov 23
Michael and his team were wonderful to deal with. They were excellent with communication and always available to answer questions. Thank you all!
williams lovos
22:54 16 Nov 23
We close on the house tomorrow! Thank you David and Michael for making my first home buying a smooth process. I had several out of the ordinary situations that would had easily not been possible to get the loan in the time that they were able to approve it. My wife and I are forever grateful for the work the team did. Thank you again!
Mario Silvestri III
16:45 16 Nov 23
Rex Perkins
16:56 15 Nov 23
Everything had been going well over the past two years since refinancing an existing mortgage. The application process, approval, servicing website, everything had been very smooth, nothing but the best service. I then had a minor issue arise. We had a wind loss claim on our home and, unfortunately, I had put off getting the check cosigned until the last minute. An issue arose as part of a minor miscommunication in terms of where the check was to be forwarded for endorsement.To make a long story short, I feared that this miscommunication and misdirected check coupled with my procrastination were going to result in the check expiring and a huge hassle on my part to go through the process again. Mr. Inkman nor his branch were in any way involved with my account or account management, yet, the check inadvertently ended up in their draft loss department and I feared this would further delay things. I was a bit frantic.One of those that I emailed was Mr. Inkman. In an era when customer service is not as valued as in the past, I was very skeptical I would meet the deadline. But, to my surprise, Mr. Inkman took it on his own to personally get things done and get the issue resolved. It appears that he tracked down the overnighted check personally, directed it for signature, packaged and overnighted the check back to me. All the while remaining professional and pleasant and providing consistent email updates on the status. It doesn't even look like he delegated, rather taking the initiative and seeing it through on his own.To me, that's not just doing a job, that's going above and beyond in terms of leadership, professionalism, and customer service. We could not be more happy. And, as a further sign of good will, the Fairway CEO actually emailed me personally to follow-up and assure resolution. Been very happy with Fairway since my refinance, Mr. Inkman's efforts only further reinforce that opinion.
Samer Fallouh
15:01 15 Nov 23
Debbie Salas
21:47 03 Oct 23
This transaction probably would not have happened without Michael. Whenever we hit a stumbling block, he found a way around it! He kept us informed and was a positive light all the way through to the end and beyond.Thanks
Eric Kieffer
22:46 16 Aug 23
Did business with Michael about 20 years ago and he was happy to help us again. He and his team did a great job. See you in another 20.

How to Pay Off Your Mortgage 10 Years Early Without Extra Payments

June 4, 2025 by Michael Inkman

If you’re like most homeowners, the idea of paying off your mortgage early sounds amazing—more freedom, fewer monthly expenses, and peace of mind. But what if you could shave 10 years off your mortgage without making extra payments each month? Sounds too good to be true? It’s not! There are smart strategies that don’t require more money out of pocket, just a little planning and a fresh approach.

As a mortgage originator, I have helped many clients explore options that save them time and interest. Here’s how you can, too.

  1. Refinance to a Shorter Term:
    One of the most effective ways to pay off your mortgage faster without technically making extra payments is to refinance into a shorter loan term. For example, switching from a 30-year loan to a 20- or 15-year term automatically shortens the repayment period. Your monthly payment might go up slightly, but you’ll save thousands in interest and be mortgage-free much sooner.
  2. Biweekly Payments (Without Paying Extra):
    Here’s a simple trick: set up biweekly payments instead of monthly. You make half your monthly payment every two weeks. Since there are 52 weeks in a year, you end up making 26 half-payments, or 13 full payments, instead of 12. That one extra payment each year can cut several years off your loan term, without you needing to budget for more money each month.
    Many lenders allow you to set this up automatically, so it runs in the background with no extra effort on your part.
  3. Recast Your Mortgage:
    A mortgage recast allows you to re-amortize your loan after making a lump-sum payment. While this option does require one larger payment up front, it won’t increase your monthly payments like refinancing might. Instead, it lowers them, and you continue paying your original amount. The extra you are paying above the required minimum helps shorten the loan, even though you are not technically increasing monthly payments.
    Ask your lender if recasting is an option with your loan type—it is available for many conventional loans.
  4. Use Windfalls Wisely:
    Tax refunds, bonuses, and gifts can be powerful tools. Instead of adding more to your monthly budget, apply these lump sums toward your principal. You will not feel it in your everyday cash flow, but it can significantly reduce the interest and length of your loan.
  5. Review Your Loan Regularly:
    Stay in control by reviewing your mortgage annually. Check your loan balance, interest rate, and remaining term. If interest rates drop, refinancing may become a better option. Or if your financial situation changes, you might be ready for more aggressive payoff tactics.

Paying off your mortgage 10 years early does not have to mean giving up your lifestyle or straining your wallet. With smart moves like biweekly payments, recasting, or refinancing to a shorter term, you can save thousands and gain financial freedom sooner than you thought.

Filed Under: Mortgage Tagged With: Early Payoff, Home Ownership Goals, Mortgage Tips

Michael Inkman

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michael@michaelinkman.com
Mobile: (214) 762-4659
NMLS #152707

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Carrollton, TX 75007

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