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Showing posts with label Homeowner Tips. Show all posts
Showing posts with label Homeowner Tips. Show all posts

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!