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How 1 Extra Mortgage Payment a Year Helps Pay Off Your Home Faster
Penny Hoarder via AOL· 2 years agoThirty years is a long time. If you’re chipping away at a mortgage each month, it can feel even...
When is my first mortgage payment due?
Bankrate via AOL· 2 months agoKey takeaways The first mortgage payment is usually due a full month after your closing date — on the first day of the month. When you make mortgage...
What is mortgage amortization?
Bankrate via AOL· 5 months agoKey takeaways Mortgage amortization refers to the split between how much of your loan payment goes toward principal vs. interest. At the beginning of...
Prepaying your mortgage: What is it and should I do it?
Bankrate via AOL· 4 months agoKey takeaways Prepaying a mortgage means paying extra, either in periodic installments or a lump...
How to build equity in your home (and why you should)
Bankrate via AOL· 5 months agoKey takeaways Building home equity can not only be a reliable way to create wealth but can also help...
How to get rid of PMI and lower your mortgage payments
Yahoo Personal Finance· 2 weeks agoPMI goes away automatically once you have 22% equity in your home or you’re halfway through your...
Mortgage recasting: What it is and how it works
Bankrate via AOL· 1 month agoKey takeaways Mortgage recasting allows you to pay a lump sum toward your mortgage in order to reduce your remaining monthly payments and interest. When...
How to pay off your mortgage early
Bankrate via Yahoo Finance· 10 months agoSome homeowners are eager to get out of their mortgage early, with reasons ranging from eliminating the psychological pressure of debt to slashing...
What is a fixed-rate mortgage and how does it work?
Bankrate via AOL· 5 months agoKey takeaways A fixed-rate mortgage maintains a consistent interest rate throughout its entire term, whether it spans 30 years, 15 years, or any other...
Adjustable-rate mortgages: What they are and how they work
Bankrate via AOL· 2 months agoPortions of this article were drafted using an in-house natural language generation platform. The...