Keyword Analysis & Research: mortgage calculator payment early

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Frequently Asked Questions

How do you calculate paying off your mortgage early?

Pay a little more each month. You can get all the benefits of an early payoff without the extra costs of a refinance by paying more each month. Divide your monthly principal and interest by 12 and add that amount to your monthly payment for a year. Result: You make the equivalent of 13 payments in 12 months.

Does it pay to make mortgage payments early?

The major benefit of making your mortgage payment early is to insure the payment is received by the lender on time . That way you won't have to pay any late fees. It may also be a benefit for your household budget. If you have the amount for the mortgage payment early, send it in and have that monthly expense out of the way.

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