Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how to apply your principal payments and save money on interest.

Should I pay extra toward my principal? Describes amortization schedule, where to view yours, and how to calculate changes.

Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how to apply your principal payments and save money on interest.

There will be 2 months during the year when a 3rd half-payment will be drafted and posted to the account, as a principal payment. The 2 extra half-payments will help reduce the overall interest you pay on the loan and accelerate the payoff.

Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how to apply your principal payments and save money on interest.

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 rema...

Should I pay extra toward my principal? Describes amortization schedule, where to view yours, and how to calculate changes.

Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how to apply your principal payments and save money on interest.

Learn six tips to pay off your mortgage faster, such as making extra payments, switching to biweekly payments, or refinancing to a shorter term. Find out how to apply your principal payments and save money on interest.

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.