paying mortgage faster

Paying Off Your Mortgage Faster

Paying Off Your Mortgage Faster Is Easier Than You Think

  • With today’s low interest rates, you can take advantage of paying off your mortgage faster. Historically, the shorter the term the lower the interest rate, however the 5 year fixed rate mortgage carries a more attractive rate.

  • By refinancing your mortgage with a lower rate and not taking equity out but maintain your current payment you could save thousands of dollars over the life of your mortgage.

  • Use our Compare Mortgage Calculator to see how much money you can save with a shorter term and lower interest rate with the same mortgage amount. You can also use this calculator to project payments and see how they will fit into your budget.

Why You Should Choose Sunlite Mortgage

  • Our Mortgage Professionals are always available to answer questions and help to understand the important details of the mortgage process.

  • We work for you, not the lenders and will always shop the market for the lowest mortgage rate and place your mortgage with the lender that is right for you.

  • We are committed to ensuring that you are in the best mortgage option for your unique scenario.

  • Best of our services are free - there is no cost to you (*O.A.C)

Popular Loan Options to Help Payoff Your Mortgage Loan Faster

  • Reduce your Amortization - Pay thousands less over the life of your loan by amortizing your mortgage for 15 or even 20 years.

  • Accelerate your monthly payments - Pay biweekly instead of monthly.

  • Increase the amount of your mortgage payments - You could ask your lender to increase each payment (minimum $100.00).

  • If you have a variable rate mortgage you could keep the rates the same even if rates fall.

  • You could pay your mortgage a bonus by paying a lump sum on your mortgage every year.

Frequently Asked Questions

Home Purchase Calculator

Use this calculator to generate an amortization schedule for your current mortgage. Quickly see how much interest you will pay, and your principal balances. You can even determine the impact of any principal prepayments! Press the report button for a full amortization schedule, either by year or by month.

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