3 Tips To Pay Mortgage Off Sooner! Loan Amortization Tips #shorts
Channel: Brent Coleman
Date: 2024-04-02

Mortgages are a pain. They are often our biggest expenses, and they take several decades to pay off. Understanding how they work is key to learning how to pay them off sooner. These are the tips the bank doesn’t want you to know! The first is to make additional payments. Increasing your installment by a little bit each month can literally shave years off your term. Second, make installments more regularly. Paying more frequently can save a huge amount of interest as the loan balance compounds down faster. Third, when you refinance at a lower rate try to keep your repayments at the same level. You’ll knock years off your term!

Watch my full loan amortization video here https://youtu.be/uky3cILhfQU

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Disclaimer:
I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.

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