The Legal Strategy That Can Save You Thousands on Your Home Loan

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Are you a homeowner burdened by a long-term home loan with high-interest rates? If you're looking for a legal strategy that can help you pay off your mortgage faster and save thousands of dollars in interest, you've come to the right place! In this blog post, we'll discuss a simple yet effective legal strategy that can help you save money and achieve your financial goals faster.
The Strategy:
The strategy involves rounding up your monthly mortgage payments to the nearest hundred dollars. Let's say, for example, that you have a $400,000 home loan with a 5.7% interest rate, and your monthly principle and interest payment is $2,300. If you round up your payment to $2,600, you'll be paying an extra $266 a month towards your principle. This may not seem like a significant amount, but it can cut almost seven years off of your home loan and save you almost a hundred thousand dollars in interest!
The Math:
Here's how it works. By rounding up your monthly mortgage payment to $2,600, you're essentially paying an extra $3,192 a year towards your principle. Over the course of a 30-year loan, this adds up to $95,760! Moreover, by paying off your loan seven years early, you're saving yourself an additional $45,456 in interest payments.

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2300 is only realistic if you put down 20% up front

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