1. Round Up - Round up your monthly payments, or apply an extra amount you are ok with.
2. REFI TO A SHORTER TERM - Consider a 25, 20, 15, 10 or 5YR FX program (or anything in between). We offer annual terms so you can pay down where you left off!
3. BI-WEEKLY PAYMENTS - Pay half your mortgage every other week. You will make 1 extra payment per year by doing this!
4. APPLY YOUR TAX REFUND -
Invest all or a portion of this amount towards principle.
5. USE BONUS,OVER-TIME
or COMMISSION INCOME-
6. REDUCE YOUR TERM
WITHOUT REFINANCING -
A smart alternative if you can't refi! Pay more by calculating the difference on your desired term.
For example: If your 30YR FX payment on a $300,000 loan @ 4.50% = $1520 (P/I)
a 20YR FX Payment @ 4.50% = $1900 (P/I)
Apply an extra $380 per month &
pay the loan off in 20 years!
For Mortgage Calculators Click Below!