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Right now is a phenomenal time to secure a mortgage loan. Interest rates are incredibly low and you have the opportunity to save thousands of dollars over the lifetime of the loan. There are a plethora of good loan products out there, you just have to find the right one for yourself.
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You can shave off 8 years from your 30-year loan by making just one extra payment per year.
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A lot of people would love to get a 15-year loan, but you can shave off 8 years from your 30-year loan by making just one extra payment per year. Just by adding 1/12th of your payment every month to the principle will also allow you to shave off a few years from your loan.
If you’d like to talk more about how this is possible, please don’t hesitate to contact me. There are many ways to pay off your mortgage earlier. Even if your finances are tight, we can help you to formulate a plan to pay off your home earlier.
We look forward to continuing this conversation!