Making regular additional payments on the loan principal will provide singificant savings. You can pay extra on principal by employing various techniques. Paying a single additional payment once every year is probably the easiest to arrange. But many people can't afford this huge extra payment, so dividing an additional payment into 12 extra monthly payments is a fine option too. Finally, you can pay a half payment every two weeks. These options differ slightly in reducing the final payback amount and reducing payback length, but they will all significantly shorten the duration of your mortgage and lower the total interest you will pay over the duration of the loan.
Some folks just can't make any extra payments. But it's important to note that most mortgages will allow you to make additional payments at any time. Any time you get some unexpected money, you can use this provision to pay a one-time additional payment on principal. If, for example, you were to receive an unexpected windfall four years into your mortgage, you could pay this windfall toward your loan principal, which would result in enormous savings and a shortened payback period. For most loans, even this relatively small amount, paid early in the loan period, could offer huge savings in interest and duration of the loan.
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