Mortgage repayment eliminates up to 15 years of payments


At LendingTree, we help you get the best deal on your loans, period. By providing consumers with multiple offers from different lenders in a matter of minutes, we make comparison shopping easy. And we all know – when lenders compete for your business, you win!

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Pay faster to save a ton

A mortgage is officially repaid when you repay what you borrowed – the principal. However, the amount of interest it will deliver to the bank is largely influenced by how long it will take you to make the final payment. In other words, you will get to keep much of your hard earned cash by doing one thing: paying off your mortgage faster. If you are on a 30 year mortgage, change it to 15 years. Sound of bullying? It's not – we'll show you how.

Do the math (banks don't want to)

It's a simple equation, but bankers don't want to solve it. After all, the big banks are making millions of dollars out of interest. Avoiding is not something that is in their interest (pun intended) to do.

Have you ever noticed the interest accrued on your loan, credit card, car or student statement and were shocked by the total amount you see? It happens to people every day! Get this account from a borrower in writing morningfinance.com: when he put the pencil on paper, it turned out that 72% of the monthly payment for a 30-year mortgage came straight to interest. Converting to a 15 year mortgage could save $ 159,447.09 pure interest.

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Compare prices to get the most savings

By now you understand that your savings depend on your interest rate. There is only one way to ensure that you get the best interest rate available, and that is to compare rates from banks across the country. It's impossible; Not with LendingTree. LendingTree makes banks compete for your business. The LendingTree site is fast, the service is free and the results are yours without any obligation. What are you waiting for? Cut your mortgage for 30 years in half today and thank us later.

Here's how you do it:

Step 1: Start by clicking the map below.

Step 2: Once you have a few questions, you will be able to compare quotes from multiple lenders!

Free payment estimate