Making extra principal payments on monthly mortgage payments reduces the term of your loan. You can reduce a 30 year fixed mortgage down to about 24 years by making bimonthly payments. Be careful though of some Bi-Weekly Mortgage Reduction Services and Programs Many “Reduction” services … [Read more...]

Mortgage applications rose above 5 percent last week on a seasonally adjusted basis, despite a shortened Labor Day holiday week, according to the Mortgage Bankers Association weekly survey.On an unadjusted basis, the index decreased 16.7 compared to the previous week and was up only .01 percent … [Read more...]