Homeowners are increasingly exploring the benefits of making extra mortgage payments to reduce their long-term debt. For instance, a couple considering paying off their entire $483,000 mortgage ...

Recasting lowers your monthly payment, but it doesn't shorten your mortgage or maximize interest savings. Making an extra principal payment won't lower your monthly payment but can reduce the total ...

Making principal-only payments on student loans (either monthly or just occasionally) can help speed up the payback time and lower your overall borrowing costs. But just making extra payments on your ...

Thirty years is a long time. If you’re chipping away at a mortgage each month, it can feel even longer. But what if you could eliminate that financial ball and chain by paying off your mortgage early?