Mortgage reduction strategies

This post was published 8 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

This subject came up in a discussion with a client yesterday. You can reduce your total mortgage interest costs using strategies like adding an extra payment per year, or by recasting the loan, as detailed in this interesting NYT article. Click below to view. And let’s not forget our personal favorite, the 15 year home loan mortgage. A big savings in the long run over the 30 year version, if you’re planning on staying in the house to the end of the term.

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