It's a strategy that crosses the mind of many borrowers when they take on a home loan: Make an extra mortgage payment or two every year and save tens of thousands of dollars in interest. The move can ...

Homeowners are increasingly exploring the benefits of making extra mortgage payments to reduce their long-term debt. For ...

Owning a home comes with an array of expenses, but savvy saving can help take the burden off of the lengthy mortgage and put money back into your pocket faster. Her advice to homeowners with a ...

If you obtained a mortgage recently, there’s a good chance you’d like to pay it off as soon as possible. If you obtained a mortgage in the past five, 10 or 20 years, there’s a good chance you, too, ...

Making extra mortgage payments — and applying them to the principal — reduces your principal balance little by little, so you end up saving money and owing less interest over the life of the loan. And ...

It’s a strategy that crosses the mind of many borrowers when they take on a home loan: Make an extra mortgage payment or two every year and save tens of thousands of dollars in interest. The move can ...

Learn why early mortgage payments are mostly interest, how amortization affects this, and strategies to reduce interest costs over your loan term.

Paying off your mortgage ahead of schedule can eliminate a significant financial burden from your life. Although it can be a challenge, getting rid of your home loan is a good way to get ahead ...

With interest rates rising, does it still make sense to try to pay your mortgage off early by paying a little extra every month? I think so, though bank certificates of deposit aren't a bad ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...