| How can I pay my loan down faster?
Did you realize that by putting a small amount of additional money against the principal of your loan each month, it would save you literally thousands of dollars over the life of the loan?
For example, if you added just $50 each month to your payment (Based on a $100,000 mortgage), you would save $40,000 in interest expense and 6 years on the term of your loan!
The additional money is applied directly to your principal each month and the savings can be incredible!
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