How To Reduce Your Monthly House Payment

Mortgage Payoff Eliminates Up to 15 Years of Payments

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Key Facts

  • At LendingTree, we help you get the best deal possible on your loans, period.
  • But, the amount of interest you’ll hand over to the bank is greatly affected by how long it takes you to make that final payment.
  • Take this account from a borrower writing on morningfinance.com: when he put pencil to paper, it turned out that 72% of the monthly payment on a 30-year mortgage was going straight to interest.
  • There’s only one way to ensure that you get the best interest rate available, and that is to compare rates from banks all around the country.

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