Buying your first home in Ashburn doesn't have to feel overwhelming. Here are the four things to sort out before you start touring houses. This past weekend I had the pleasure of sitting down
How To Pay Off Your 30-Year Fixed Mortgage Faster
Dated: January 7 2025
Views: 61
Learn how one extra payment on your mortgage per year can save you money.
Are you looking for ways to pay off your mortgage sooner? The thought of a 30-year loan and the money spent on interest can be frustrating. Fortunately, there’s a simple way to shorten your loan term: by making just one extra payment each year. This strategy can reduce your mortgage term to about 22 or even 20 years. Aside from saving on interest, you will also build equity in your home faster.
If you want to shorten your mortgage term, consider making that extra payment each year. But before you do, contact the service company where you make your payments and inform them of your plans ahead of time, as there may be special steps you need to take to make that extra payment.
If you have any questions, I’m here to assist you. Feel free to call at (703) 216-4272 or send me a message at trobinson@remaxdistinctive.com.
Terri Robinson
Terri Robinson, REALTOR® with RE/MAX Distinctive, has been a trusted name in Northern Virginia real estate for 24 years, representing buyers and sellers in Arlington, Fairfax, Loudoun, and Prince Wil....
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