Money Matters, Paying Early Can Pay Off


Serving the Communities of: Oakville \| Milton (Campbellville) \| Halton Hills (Georgetown and Acton) \| Burlington
Home CONTACT ME Homes For Sale Free Online Market Valuation Free Home Tips Free Brochures Meet Steven Porter Home Services Centre Local Community Resources Frequently Asked Questions eMail Us	Home Tips Money Matters Paying Early Can Pay Off The lowest interest rates in decades have prompted many homeowners to increase their monthly house payments in order to eliminate their mortgage debt ahead of the standard 25-year amortization schedule. Though making higher monthly payments decreases the borrowers' leverage, they will earn a rate of return equal to the interest rate and slash the amount of interest paid over the loan's life. To reap the benefits of this strategy, homeowners can either simply pay extra on their 25-year loan. While it will not save them on the actual interest rate, they can easily return to paying the minimum if they hit a financial bump. As an alternative, they also can covert their 25-year mortgage into a 15-year loan, which will lower their interest rate and result in a bigger payoff due to interest savings.	"HomeAlert" Get New Listings by E-mail Subscribe to the "Informed Home Buyer/Seller" eNewsletter Relocation Services Refer family or friends to Steven Realtors, refer your clients here Free, Essential, Selling, Tips Free, "Careful Moving" Checklist Free, Home Buyers Guide Free, Home Sellers Guide For "Sale By Owner" centre Putting on a Better Garage sale Free Vacation Checklist Just For Fun
	If you're not completely satisfied in your experience with HomesResource.com, we'd appreciate hearing from you.
	Steven Porter ABR Salesperson/Accredited Buyer Representative Direct: 905-875-2582, Office: 905-338-9000 e-Mail: steven@stevenporter.ca RE/MAX.com RE/MAX O/A MLS.ca OMDREB
	Home \| Site Index \| Copyright \| Contact Us \| Privacy Policy

Home Tips