Homeowners are increasingly exploring the benefits of making extra mortgage payments to reduce their long-term debt. For instance, a couple considering paying off their entire $483,000 mortgage ...

Thirty years is a long time. If you’re chipping away at a mortgage each month, it can feel even longer. But what if you could eliminate that financial ball and chain by paying off your mortgage early?

One of the most challenging aspects of starting the homebuying process is figuring out how much you can afford. With CNBC Select's mortgage payment calculator, you can see how various factors will ...

A mortgage accelerator shortens your loan term by reducing principal sooner, which lowers interest costs. “That said, for mortgage accelerator programs to work for you, you must have disposable income ...

Recasting lowers your monthly payment, but it doesn't shorten your mortgage or maximize interest savings. Making an extra principal payment won't lower your monthly payment but can reduce the total ...

Q: My son found that splitting his single mortgage payment about two weeks apart into two payments saves him considerable interest and, therefore, less total amount owed over the length of the ...