Make one extra mortgage payment a year, it can shave YEARS off your loan
If you have a 30-year mortgage, making just one extra full payment per year or splitting it into small monthly additions can significantly reduce the total interest you pay and cut years off your loan.
The trick: apply the extra amount directly to the principal, not future payments.
Even adding a little extra each month like rounding up your payment can make a noticeable difference over time. It’s one of the simplest ways to save thousands without changing your lifestyle too much.
u/arjun-lalwani — 12 hours ago