Lower Monthly Mortgage Payments – Real Estate Minute With Ilyce Glink

Learn how to reduce monthly mortgage payments to save money on today’s Real Estate Minute with Ilyce Glink.

As a home owner you should always take the initiative to find low-risk ways to reduce your mortgage payments.

By making one extra payment every year on your mortgage, you could substantially reduce your total payments.

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According to AOL’s business insider, if you owe $100,000 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, helping to pay off your mortgage faster.

If you’re not living paycheck-to-paycheck and can afford to spend the extra money, your personal return on investment is impressive.

Let’s rebuild America, one house at a time.

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