Paying off Mortgage

Paying off Mortgage

Paying Off Your Mortgage Faster

Ways to pay off your mortgage faster 1. Increase the amount of your payments One of the ways to pay off your mortgage faster is to increase the amount of your regular payments. Normally, once you increase your payments, you will not be allowed to lower your payments until the end of the term. Check [...]

By |2017-01-04T01:02:25+00:00June 14th, 2013|Mortgage Tips|0 Comments

Paying off your mortgage early can cost you

Paying off your mortgage early seems like great financial planning since you’re freeing up money that can be put towards savings. But discharging a mortgage early can mean a prepayment penalty because the bank loses money. If you had a two-year term and paid the mortgage in full after 16 months, the bank is out [...]

By |2017-01-04T01:02:29+00:00March 3rd, 2012|Mortgage Tips|0 Comments