Phone:
781-255-5755 |
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Fax:
866-354-0305 |
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Is it Wise to Pay
More on My Monthly Mortgage Payment?
In a word, YES!
By making additional payments toward your principal
balance, home owners can save thousands of dollars
and shave years off the term of their mortgage.
Check with your lender, who can provide specific
answers as to how such prepayments will shorten
the life of your mortgage loan. Each mortgage has
specific terms describing how and when prepayment
may occur and if there is a penalty for prepayment.
You may want to obtain a copy of The Banker´s Secret
by Marc Eisenson. This book explains in detail how
the formulas involved in calculating prepayments
work.
CHECK OUT FOR MORE INFO!!!
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