Paying Off Mortgage Early

It is a known that at this time real estate business is not doing well. I believe it goes the same all over the world because of this fear of economic recession in the US. The foreclosure rate is rising because homeowners can't keep up with paying the mortgage. I have read on the news at Money Magic that in order for you to pay off your mortgage early you can keep your payments up of what is supposed to be your monthly mortgage. I am thinking that since we will have our First Time Buyer Mortgage soon we will do the same. To quote "Borrowers who were paying more to keep up with their mortgage payments last year could keep paying the same amount and pay their mortgages off earlier", this is according to broker John Charcoal. I couldn't agree more. You will be able to ease up your finances once you can pay your mortgage early. This is a good idea indeed.

 

2 comments:

Yen said...

Hi Sis! you have something in my blog:D Xo Happy Weekend!

Nancy said...

hi bless..tagged you again..cbox is getting worst lately kaya dito na ako dumaan...lol..

by the way..kindly vote for me..i was nominated for the filipino blog of the week..just if u have time..thanks ahead..have a gr8 weekend..

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