Jesse Herfel Real Estate

Many homeowners overlook the mortgage payment as a tool for financial management. They get the mortgage, move in, make the payments, and pay off the loan eventually. Smart homeowners know that by properly adding to their monthly payments, even by a tiny amount, they can substantially reduce the term of their loan, not to mention the total interest they will pay. In fact, prepaying one full year of a standard mortgage can save 1000's of dollars in interest. The key is to do it properly and to find the correct lender for whom prepayment is not a problem.