Mortgage Blog

Reduce your mortgage balance faster!
May 23rd, 2008 12:27 AM

Make 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!

This may reduce the loan term from 30 years to somewhere between 18 to 22 years.


Posted by John Matthews on May 23rd, 2008 12:27 AMPost a Comment (0)

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