How to Prepay Your Mortgage Bay Shore NY

Over the course of a 30-year mortgage, you may end up paying more than twice the amount of your principal. The rest goes towards paying interest. That interest is money in the bank's pocket, not in your bank account. Prepaying your mortgage is paying extra principal, especially during the early years of your loan, meaning that your house will be paid off that much sooner, and you will pay less total interest over the life of the loan. It could put you that much closer to retirement.

Local Companies

Legacy Abstract Corp
(516)777-7500
60 Conklin
Farmingdale, NY
Mr. Michael H. Fliegelman (RFC®), CHFC, CLU
631 806 3568
5 Harborfields Ct
Greenlawn, NY
Mr. Albert F. Coletti (RFC®), CHFC, CLU
631 979 6161 x102
P.O. Box 728
Smithtown, NY
Washington Mutual - Bank Locations- Huntington-Main Street
(631)424-2174
309 Main Street
HUNTINGTON, NY
Finest Funding Group
(516)935-2197
110 Stewart Av
HICKSVILLE, NY
Washington Mutualfinancial Center
(631)422-9054
375 Deer Park Ave
Babylon, NY
Jeffrey Lewis, CFP, ChFC
7 White Deer Court
Huntington, NY
Mr. Michael J. Goldsmith (RFC®), LUTCF
516 541 0111
549 Broadway Street Suite 201
Massapequa, NY
Mr. Richard A. Fallica (RFC®), CEP
631 979 6161
P.O. Box 728
Smithtown, NY
Taylor Mortgages Inc
(631)563-2083
215 Montauk Hwy
SAYVILLE, NY
Data Provided by:
    

Related Articles
- Advantages and Disadvantages of Refinancing Bay Shore NY
Refinancing your mortgage is when you get a new mortgage loan out and use the money from the new loan to pay off your old mortgage loan. In some cases refinancing home loan options are a good idea, and in some cases, refinancing your home loan is not such a good idea. Sometimes, refinancing your mortgage may cost you more money in the long run.
- Real Estate Note Bay Shore NY
- How to Compare Mortgage Programs Bay Shore NY
- Green Mortgages Bay Shore NY
- How to Talk to Mortgage Lenders Bay Shore NY
- Flexible Mortgage For Self Employed Bay Shore NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Bay Shore NY
- How to Follow the Mortgage Accelerator Plus Program Bay Shore NY
- How to Choose a Mortgage Broker Bay Shore NY
- How to Understand a N.I.N.J.A. Mortgage Bay Shore NY