Friday, 3 June 2016

Other choices to refinancing home loan

Other choices to consider

Extra payments toward your loan principal can help you reduce the years on your mortgage.

Refinancing is not your only choice for repaying your mortgage quickly. As a no-cost repayment option, consider sending additional principal payments with your regular payments.
  • Principal payments will decrease the loan balance, reducing the overall interest owed.
  • You can send any amount, whenever you have additional funds, such as when you get a tax refund or an employment bonus.
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2 comments:

  1. Hitesh Chavan26 July 2016 at 06:59

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