How to shave years and dollars off your existing home loan
Did you know that by making one extra mortgage payment per year — either in one lump sum or divided into twelve months — you can reduce a 30-yr. loan term by up to 7 years and save thousands (maybe tens of thousands) of dollars in interest over the life of the loan? It’s true. To find out how much you could save, go to www.BankRate.com and choose the Amortization Schedule Calculator. If you can’t afford to make a whole…