How to Prepay Your Mortgage South Ozone Park 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

First Metropolitan
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1115 49th Avenue
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1133 Park Place
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Mr. Monroe M. Diefendorf (RFC®), CFP, CHFC, CLU
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