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  1. #1
    Deal GURU
    Join Date
    Aug 2012
    Location
    Merced, CA 95348-1422
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    Default Reducing Your Monthly House Payment

    I get new quotes on my household insurance, flood insurance and car insurance every year. If I find a lower price and they are willing to waive agency fees (just ask, they often do this) I switch and notify my bank escrow account manager of the new policy and vendor. This has saved me over 00/year in escrow set-aside money that is added to my monthly payment. I then use that extra money to pay down the principal on the loan which further lowers my payments, because the loan has the same number of payments to run but less principal owed. Check it out!

  2. #2
    What's a Budget?
    Join Date
    Jun 2009
    Location
    Kansas
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    Default Re: Reducing Your Monthly House Payment

    What a terrific idea, thank you so much. This is what I love always room to learn.

 

 

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