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If you make an extra monthly payment of $1,879 each December, you’ll pay off your 30-year mortgage almost five years ahead of schedule and net about $60,000 in interest savings in the process ...
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 ...
Dave Ramsey, the renowned financial guru, has long been a proponent of financial discipline and savvy money management. This can include paying off your mortgage early, but only under specific...
There are plenty of strategies to pay off your mortgage early, including adding a bit of extra money toward your principal each month or by contributing an extra mortgage payment each year.
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.
Pay a little more every month, and cut your mortgage interest by a lot.
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