
Whether you're new to homeownership or have been making mortgage payments for years, it never hurts to find ways to slash your costs. Here are three tips that can help you save thousands.
1. Accelerate a 30-year loan when you can't afford a 15-year term
One major advantage to getting a 15-year mortgage, as opposed to a 30-year loan, is that you'll generally be eligible for a much lower interest rate. For example, last week, 30-year fixed mortgage rates averaged 3.97%, while 15-year fixed rates averaged 3.23%. T...
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