Simple Ways to Save on a Mortgage

Easy ways to shave money off the total mortgage interest you pay

by Romana King

Want to shave almost $25,000 off your mortgage? Even little adjustments and small, manageable prepayments can make a big difference when it comes to the interest you pay. Here’s a snapshot of how much interest you can save on a 25-year mortgage just by switching from monthly to accelerated bi-weekly mortgage payments and adding in an extra $1,000 prepayment each year.

This article was originally published on MoneySense.ca.