Will an extra annual mortgage payment reduce terms?

Answer Making one extra mortgage payment each year can save you thousands of dollars over the life of the loan. It results in less interest and trims approximately 13 years off of the life of your loan. Y... Read More »

Top Q&A For: Will an extra annual mortgage payment reduce terms

Is It Better to Pay an Extra Mortgage Payment or to Pay Extra Each Month?

Magnesium chloride is not a combustible or explosive chemical, but careless handling may cause problems ranging from minor discomforts to more serious complications, leading to trips to the doctor.... Read More »

What Happens if I Paid an Extra Mortgage Payment?

Many homeowners like the idea of paying off their mortgage as quickly as possible. One easy way to do this is by making an extra mortgage payment either incrementally each month or by making the eq... Read More »

How to Make an Extra Mortgage Payment Per Year?

Many mortgage lenders offer more frequent mortgage payment options. Choosing one of these options allows you to add extra mortgage payments during the year. That can shorten the payoff term on the ... Read More »

Can i pay down my mortgage balance&get lower interest rates to keep my payment terms?

On One Hand: Consider the CostRefinancing a mortgage can provide a home owner with lower payments due to decreased interest rates based on equity built in the home. But there are costs associated w... Read More »