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YourEquity.com

smart home equity user tips and guides

QUICK Financing Guide



Mortgage Payoff

for paying down your mortgage


You Can Payoff Your Mortgage Quickly

in about 1/3rd of the time without changing your current monthly payment or cash flow position

Would this interest you?

You Can Use Your Home Equity Credit Line

as your personal money account to manage cash inflow and outflow to accelerate mortgage payoff payments

Early Payoff Means Big Savings:

by paying off your mortgage early, you can save a lot of money by not having to pay all that interest to the banks — see sample below

Mortgage Loan Rate Term
$300,000 6.00% 360 Months
Monthly Payment: $1,798.65
Total Interest Paid by Term End: $347,514
Interest Paid with 10-11yr Payoff: $117,000
Interest Savings (approximately): $230,514

 

Early Payoff Means Better Security:

if anything should happen to your job, health, or other unplanned event, having your mortgage free and clear can prepare you for an unexpected financial emergency.

Early Payoff Means Better Planning:

what could you do with the extra money by not having a mortgage payment — how about saving for college, saving for retirement, taking some travel, etc.

get more information about this "early payoff" plan at our parent site: click here



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