Making extra mortgage payments could be the smartest move you make as a homeowner
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Making extra mortgage payments could be the smartest move you m…
3 months ago
MSNCheapism
If you can make one extra mortgage payment in your first year, it can take years off the life of a 30-year loan. One way people do this is with biweekly payments, which often results in 13 payments over the course of the year. As you get further into the loan, that same extra payment usually has a smaller impact, but paying down your mortgage can still be a smart move. If you have a very low rate, it may also be worth comparing that choice to other options that could earn a higher return, and th
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If you can make one extra mortgage payment in your first year, it can t…
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Make an Extra Mortgage Payment
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NY TimesThe New York Times
3 benefits to making 1 extra mortgage payment per year
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3 benefits to making 1 extra mortgage payment per year
3 months ago
yahoo.com
Making extra payments on your mortgage puts you ahead of most Americans—but it’s still not the most efficient strategy. Why? Because every extra dollar you send to the bank is locked away in their vault, not working for you. That’s the difference between a payment strategy and a cash flow strategy. Extra payments may shave a few years off your mortgage, but a first-lien HELOC lets you use 100% of your income to crush principal while keeping your cash liquid and accessible. Good is paying extra.
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