How to Save Thousands of Dollars in Interest on Your Mortgage – Welcome to SouthFloridaHomeSolutions.com

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 · The sluggish economy and slowly recovering housing market create the perfect environment for mortgage scams, with desperate homeowners as easy prey for scammers. The crooks say what you want to hear.

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Pay an additional $50 per month towards your mortgage. Benefit: Fifty dollars might not seem like enough to make a difference on the term of your loan, but that small amount will save you over $21,000 in interest and will take over 2 years off the end of your loan. Twenty-eight years from now, you’ll be happy to pay off your loan that much.

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How to Save Thousands of Dollars in Interest on Your Mortgage; How to Save Thousands of Dollars in Interest on Your Mortgage. with:Brian Girio. December 26, 2018 Leave a comment. One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for.

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 · It comes with a higher interest rate as well as the privilege of paying Private Mortgage Insurance (PMI), which costs around $100 per $100,000 borrowed. You end up paying a ton of interest and PMI simply because you failed to save for a down payment. That causes you to waste tens or even hundreds of thousands of dollars over the life of the loan.

2. Pay an additional $50 per month towards your mortgage. Benefit: Fifty dollars might not seem like enough to make a difference on the term of your loan, but that small amount will save you over $21,000 in interest and will take over 2 years off the end of your loan. Twenty-eight years from now, you’ll be happy to pay off your loan that much.

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