Do you have a mortgage? Want to save $20,000, $30,000 or even a lot more. Here are the steps…. Take your monthly mortgage payment, divide it by 12. Now take that 12th of your payment and add into your mortgage payment each month. This will be considered extra principal that you are adding in each month and will reduce the term of your mortgage by at least 6 plus years. 6 Years off the life of your loan on a $200,000 mortgage would save you $32,000.00.
Example: Your principal and interest payment is $1200 per month, divide this by 12 and you come up with $100. Take the $100 and add this to your monthly payment and this will save you over 6 years of inertest off your loan. This will save well into the thousands of dollars for you and your family.
For money saving ideas on your mortgage, feel free to contact me anytime.
Bill Nickerson
Mortgage Lender
179 Great Road, Acton MA 01720
978.264.4803 (o) 978.273.3227 (c)
Providing Mortgages Since 1991
Commercial Residential Reverse FHA/VA
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