Make it Your Principal Thing

By
Real Estate Agent with Keller Williams Real Estate

make it your principal thingMost American believe that they will have a car payment and a house payment for the rest of their lives. But if you get a plan and a little discipline you don’t have to be in that majority. You plan should be to make additional principal contributions to your fixed-rate mortgage which will shorten the term and save you thousands of interest.

If you just pay an additional $100 every month on your loan principal, and let’s use $175,000 as a mortgage amount, you will shorten the mortgage term by five or six years! If you pay $200 every month on your loan principal, it will shorten by 9 years. An additional $459 shortens it to 15 years. Wow! Talk about saving money in a big way! CONTINUE READING--->

Posted by

Thierry Roche

Host of Talk Radio’s ‘Inside Real Estate’

Keller Williams Real Estate

 

703-303-4010

 

www.ThierryRoche.com

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Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thierry, this is great advice and homeowners will see their loan decrease from 30 years to much less!  

Nov 21, 2016 10:03 PM #1
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