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and interest and again add the principal payment for the next month. By making two principal payments and one interest payment per month, you cut the loan term in half.
This method of paying off the mortgage could be an option for most homeowners after consulting with the mortgage officers at their bank. During the early years, principal payments should be very small.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILE£N M. DAY, realtor, The * Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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