- This topic has 7 replies, 1 voice, and was last updated December 12, 2007 at 9:54 pm by .
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Also make sure there are no penalities for early payoff…that happened
to one of our friends and they were hit for almost 3000.00.
LaRae
On 12/13/2007, “Vickie” <vickieanderson18@yahoo.com> wrote:
>Just remember when you refinance your mortgage you have to pay closing cost
too. Making an extra payment per year will cut the number of years almost in
half. Even paying alittle extra each month helps, making a payment every 2 weeks
instead of once a month will help since the interest is calculated monthly on
the balance of the loan.
>
>Katie <katiesmolek@home.ffni.com> wrote: Hi, I was just wondering if
anyone had any advise about mortgages….
>how to pay them down quicker on a very tight budget? How often should
>you refinance and when you do should you go for a shorter term? I am
>just frustrated with my whole lack of budget and need lots of help!
>THanks,
>Katie
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