Reduce Your Mortgage Interest Painlessly!

Since interest is charged on the outstanding balance of your loan, you can reduce the total interest you pay by using the following tips:

1. Pay your mortgage early whenever you can.

2. Make additional principal payments. Even small amounts will add up over time and reduce the interest you pay.

3. Don�t pay your mortgage late. The late fee assessed is larger than the amount you would pay to overnight your payment to the Mortgage Company. A 5% penalty on a loan payment of $1,000.00 would cost you $50.00. You can overnight the payment, save dollars and your credit rating.

4. A mortgage calculator can help you determine how much additional to pay based on the length of time you wish to reduce from your loan.


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Step 1 of 3 About your mortgage


 
 
 

Step 2 of 3 About your mortgage
 

 

 


Step 2 of 3 About your mortgage
 
 
 
 

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