How to Prepay Your Mortgage Spencerport 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

Citizens Bank - Pennfair
585-377-2330
2200 Penfield Road
Rochester, NY
Bank of America - Penn Fair
800-432-1000
2200 Penfield Rd
Penfield, NY
Mr. Gregory Lee Schaffer (RFC®), CFP
585-621-3300
3205 Mount Read Blvd.
Rochester, NY
First Funding Network
(585)482-0100
2164 Hudson Avenue
ROCHESTER, NY
Flaherty Funding Corp
(585) 697-3500
2595 Brighton Henrietta Tl Rd
Rochester, NY
Citizens Bank - Times Square
585-262-5899
45 Exchange Street
Rochester, NY
Bank of America - Northgate
800.432.1000
3800 Dewey Ave
Rochester, NY
The Cray Agency
(716)383-8420
1040 University Ave
Rochester, NY
Small Business Systems
(585)325-5242
36 South Union Street
ROCHESTER, NY
Citibank (New York State)
(585)247-0160
1955 Buffalo Road
ROCHESTER, NY
Data Provided by:
  

Related Articles
- How to Compare Mortgage Programs Spencerport NY
To compare mortgage programs you need to look at the APR. What is an Annual Percentage Rate (APR)? The annual percentage rate (APR) is an interest rate that is different from the note rate. It is commonly used to compare loan programs from different lenders. The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate.
- Green Mortgages Spencerport NY
- Advantages and Disadvantages of Refinancing Spencerport NY
- How to Choose a Mortgage Broker Spencerport NY
- How to Understand a N.I.N.J.A. Mortgage Spencerport NY
- How to Talk to Mortgage Lenders Spencerport NY
- How to Follow the Mortgage Accelerator Plus Program Spencerport NY
- How to Avoid Foreclosure by Knowing Your Mortgage Type Spencerport NY
- Flexible Mortgage For Self Employed Spencerport NY
- Real Estate Note Spencerport NY