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Monday, August 8, 2016

Shave Years Off the Life of Your Colorado Home Loan


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I’m here with a great tip that can save you tens of thousands of dollars over the life of your home loan.

Instead of paying a monthly mortgage payment, divide that payment in half and pay half every other week. That way, your lender will get 13 payments a year instead of 12, which shaves years off the life of your loan.



You will save tens of thousands of dollars with this tip!



For example, let’s say you have a loan amount of $417,000. By implementing this tip, you will save $56,800 over the course of your loan. That’s a lot of money!

If you have any other real estate questions, give us a call or send us an email. My team and I would be happy to help!