Should Homeowners Try to Pay Off Mortgages Early?
By Rei Mesa
(Berkshire Hathaway HomeServices Florida Realty)
Should you pay off your mortgage faster if you can every month or not? There are many sides to the debate, but owning your own Boca Raton luxury homes, Palm Beach Gardens luxury homes or Oviedo real estate property in full is definitely a benefit and will most certainly save you money over the lifetime of the loan.Be aware that not every loan is the same, and some will charge extra if paid off too quickly. However, any extra penalties that may be applied are probably less than what you will end up paying by following the 15 or 30 year loan payment plan.Learn more about the benefits of paying off your mortgage early, and what to ask your lender before you start.
Comments
0