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As a home owner you should always take the initiative to find low-risk ways to reduce
your mortgage payments.
I’m Ilyce Glink with today’s Real Estate Minute.
By making one extra payment every year on your mortgage, you could substantially reduce
your total payments.
According to AOL’s business insider, if you owe 100-thousand dollars on your 30 year
mortgage, making 13 payments per year instead of 12, you’d save up to $20,000 in interest
and shave 7 years from the loan.
If you are not living paycheck-to-paycheck and can afford to spend the extra money, your
personal return on investment is impressive.
I’m Ilyce Glink, for more details and links visit my website, ThinkGlink.com, where we’re
rebuilding America, one house at a time.