mortgage planner: Don't Want Your Mortgage? Get Rid Of It!
- 08/22/07 03:54 AM
How to Reduce Your Mortgage One Additional Mortgage Payment a Year There's a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars. The trick is to make one extra mortgage payment a year and apply that payment toward your loan's principal. This is the method being used by "Bi-Weekly Mortgage Reduction Services" and "Bi-Weekly Mortgage Savings Programs". Only, when you do it yourself, you don't pay a third party unnecessary set-up costs and fees, and you pay it on YOUR schedule, when you have the funds available! Example: $100,000 loan, 30-year mortgage, 6.5% fixed interest rate
How to Reduce Your Mortgage;)
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