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Community Corner

Pay off home in 1 year (if you want)

“I heard I could pay off my house 10 years sooner by making 1 extra payment every year…”

Well, there is some truth to that, but every scenario is different. With this simple amortization chart you can see exactly how your principal is effected over time by paying extra. 

Watch video:

-Use this tool to see how much is applied to principal each month.
-Use this tool to find out how quickly you can pay off your home by applying a little bit extra every month or year.
-Download the amortization chart so that you can customize it to fit your scenario and goals.   

Watch Video Here: Pay Off House in 1 Year (if you want) - Amortization Chart


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