Hot topics for both consumers and webmarketers on WebmasterRadio.FM
Every Wednesday, 5PM Eastern.
December 8, 2006, Newsletter Issue #108: Prepaying a Mortgage
1
Tip of the Week
If you are fortunate enough to have your income rise year after year, you may find yourself in a position to make larger mortgage payments than required by the terms of your loan. This is a great way to pay off your loan faster. However, since mortgage interest is tax deductible, consult your tax adviser first. Some people opt for a bi-weekly mortgage, where half of your monthly payment is paid every two weeks. This payment plan results in, effectively, an extra payment each year, since you're making 26 half payments, vs. 12 full payments. This is a great way to get your mortgage paid off faster, and works especially well for people who get paid bi-weekly.
2
About LifeTips
Now one of the top on-line publishers in the world, LifeTips offers
tips to millions of monthly visitors. Our mission mission is to make
your life smarter, better, faster and wiser. Expert writers earn dough
for what they know. And exclusive sponsors in each niche topic help us
make-it-all happen.
