Clever Tips for Paying Off Your Home Mortgage Faster
Posted by Bill Mann on
Paying off the mortgage on your Coastal Delaware home faster not only means that you’ll be able to enjoy the peace of mind that comes with completely owning your property earlier, but you may also save thousands of dollars in interest payments.
Below are seven clever tips to help you get your mortgage payments on the fast track.
1. Save for a large down payment
Pay as large a down payment as you can reasonably afford. The more you can put down, then the less you’ll have to borrow from the bank.
2. Read the fine print
When you are choosing a mortgage, look at the fine print to find out if any restrictions apply to paying early. Some lenders will charge you for making extra or early payments.Â
3. Prepay early in the life of the mortgage
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