In this episode of the mortgage minute the easiest way to payoff your mortgage early is simple: reduce your term. No need to do math and/or make extra payments. Simply put, when rates drop to allow for a potential refinance then consider reducing the term of the mortgage as opposed to starting back over on a 30 year fixed. Curious how much your payment goes to principal with your first payment on a 30 year fixed? Well that is discussed and compared to a 20 year fixed, 15 year fixed.
#mortgagehacks #mortgagerates #mortgagepayoff
LINKS:
MORTGAGE NEWS DAILY: [ Ссылка ]
WEEKLY RATE SURVEY: [ Ссылка ] | Freddie Mac Weekly Mortgage Interest Rate Survey
VOLATILITY: [ Ссылка ]
RATES IN 2023: [ Ссылка ]
Contact: Ryan
Phone: 773-569-8692 (office)
Text: 847-906-1627
Email: Ryan@neighborhoodloans.com
NMLS 425763 | Neighborhood Loans, Inc. NMLS 222982
www.nmlsconsumeraccess.org
You can learn more about me thru the links below:
WEBPAGE: www.skaggsmortgage.com
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Subject to credit approval, not all borrowers may qualify. Rates and terms are for illustrative purposes only; your actual rates and terms may be different. Please contact Neighborhood Loans for current rates and programs. Neighborhood Loans is an FHA approved lender, not endorsed by or affiliated with any government institution. Not to be considered tax or financial advice. Please consult a tax or investment professional.
