If you need assistance, please call 215-519-1399

Reduce Your Mortgage Payments

Saturday, January 10, 2015   /   by Martin Millner

Reduce Your Mortgage Payments


It’s a new year, which means it’s a great time to consider making some changes. If you currently own a home in Yardley, you could potentially reduce your mortgage payments each month, which of course will save you money throughout the year and help you pay off your home quicker.


 


 


If you are paying a PMI (Private Mortgage Insurance), you could be adding hundreds to your mortgage each year. You’ll pay a PMI if your down payment was less than 20%. Here’s the trick: repay enough of your mortgage so that you’ve gained 20% equity in your house. Then you can contact your lender and ask how you can get the PMI removed. Lenders won’t automatically drop it – you will have to request for that to happen.


 


 


Extend the length of your loan to cut back your monthly mortgage payment. If you currently have a 15-year loan, extend it to a 30-year loan. Your interest rates will rise, however you will have lower payments. You can still make additional payments to help pay your loan off quicker.


 


 


If you are thinking of buying or selling your home in 2015, call me today at 215-519-1399 or visit my website for more information.


 

Keller Williams Real Estate - Newtown
Martin Millner
12 Terry Drive, Suite 204
Newtown, PA 18940
215-519-1399
215-519-1399

Copyright2024 TREND, All Rights Reserved

“The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Platinum Realty Team participates, and is provided by TREND through a licensing agreement.”

“The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”

Data last updated:July 23, 2024 “Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.” “Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.” Data Last Updated: July 23, 2024

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Martin Millner - Coldwell Banker Hearthside Realtors participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2024 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: July 23, 2024 1 PM.
This site powered by CINC: www.cincpro.com