How Can I Save Money on My Mortgage? - Fox29 WFLX TV, West Palm Beach, FL-news & weather

How Can I Save Money on My Mortgage?

The easiest way to reduce the interest costs on a mortgage is to pay it off sooner. Here are two ways this can be done:

Increase Payment Frequency - Ask your mortgage consultant about how paying weekly or bi-weekly, rather than monthly, can save a significant amount of interest.

Prepay – Ask if you can pre-pay a percentage of the original principal amount of your mortgage anytime during each year of the term of the mortgage, without penalty or administration fee.  Make at least one principal only payment each year, and save bundles down the road.

If you have questions about how this could help you, call Jason Biro at Team One Lending:  (561) 868-1808 ext.3

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2017 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.