Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinan... The trick is to apply the entire amount to your mortgage’s principal balance, which is what you owe before interest, taxes, and insurance are added in.

Depending on the type of insurance, you will need enough to cover the lower of either the replacement cost of the property or the remaining principal balance on your loan. Example If your unpaid principal balance (UPB) is $80,000 but the replacement cost is $120,000, you will nee...

Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinan... The trick is to apply the entire amount to your mortgage’s principal balance, which is what you owe before interest, taxes, and insurance are added in.

The trick is to apply the entire amount to your mortgage’s principal balance, which is what you owe before interest, taxes, and insurance are added in. A top tip to paying off a mortgage early is to make one extra monthly payment annually.

Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanation of Am...

The trick is to apply the entire amount to your mortgage’s principal balance, which is what you owe before interest, taxes, and insurance are added in. Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinan...

When sending additional funds that require special posting instructions, such as additional principal or fees, please indicate that on your payment coupon. If you don’t have a payment coupon, please include the posting instructions on a separate note included with your payment.

There are a few paths many homeowners take—from paying down their principal or interest faster to refinancing. We’ve rounded up six tips to pay off a mortgage early that could shave months—or years— off your home loan.

Recasting a mortgage happens when you put down a lump-sum payment toward the principal balance and the lender re-amortizes the loan. Since you are paying down your principal by a large amount, your monthly payment will be lowered , but your interest rate and loan terms will remai...

Setting up AutoPay is quick, easy, and free. All you need to do is choose a payment frequency—Monthly or Biweekly—and complete the online form; we’ll automatically deduct the payments going forward. What forms of payment do you accept?