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Make one extra payment each quarter to shave 11 years and nearly $65,000 off your mortgage. Divide your payment by 12 and add that amount to each monthly payment, or pay half of your payment every ...
For example, by paying an extra $10 per month on a $220,000, 30-year loan at 4% interest, you can pay off your mortgage loan six months earlier and save $3,276.86 in interest.
Making monthly mortgage payments can sometimes feel like something you'll be doing for the rest of your life -- but it doesn't have to be. Paying off a 30-year fixed-rate mortgage early can save ...
2. Pay your mortgage with automated withdrawals. Choosing automated withdrawals pulled from your checking or savings account is another easy option to make sure you pay your mortgage on time each ...
There is a long-running debate as to whether or not you should make the effort to pay off your mortgage early. Particularly if you have a lower-rate mortgage, there's an argument to be made that ...
In general, mortgage debt is like any other kind. You should pay as little interest as possible by paying it off as fast as possible.
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