Saving Money on Your Home Loan

Shouting from the mountain tops 🏔️🏔️🏔️

Add a little bit 🤏 of $ towards your mortgage payment every month, or once a year.

Why? It can save you \*hundreds of thousands\* in interest over the lifetime of your loan. 🤯

Got a little work bonus?

Put a portion of it towards your loan.

Got money back on your taxes?

You already know what I’m going to say…

These are the numbers I used in the example:

– $550k 30-year loan

– 5% down payment

– 6.2% interest rate

Google: “Freddie Mac extra payment calculator” to play with the numbers for yourself – it’s addicting! (or DM me for the link)

P.S. Before you choose a loan, ask your lender if there are any pre-payment penalties.

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