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97% Of American Homeowners Overpay Their Lender In Mortgage
...... every year, or $60,000 over the life of the mortgage.
'That's an enormous amount of money'. Says top mortgage analyst, Craig Romero. 'This is money that homeowners are needlessly giving away each year. Imagine what a person could do with an extra $60,000.
While gaining back thousands of dollars from these overpayments is a huge benefit, it's not the only one. Cutting up to 10 years from the term of a traditional mortgage is also another major advantage.
'I've been using the prepayment loophole for years'. Says Denver homeowner, Curtis Landau. 'I've actually been able to remodel my home and pocket about $25,000'all from the equity that was built so quickly.'
Americans must understand this prepayment loophole isn't something lenders are eager to share with their customers. If they did, they would risk taking a huge cut in profits.
With over 50 million mortgages in force, it's estimated Americans overpay their lenders in excess of $12 billion every year. It's no wonder this loophole is kept secret'lenders are undoubtedly getting rich off these interest overpayments.
Written by Craig Romero To see how well the prepayment loophole will work for you please enter his site at: http://www.wisemortgageinfo.com Craig Romero is an author and mortgage analyst dedicated to helping homeowners maximize the investment in their homes. ______________________________________________________
About the Author About Craig Romero:
To see how the well the prepayment loophole will work for you, please enter Craig's site at: www.wisemortgageinfo.com Craig Romero is an author and mortgage analyst dedicated to helping homeowners maximize the investment in their homes.
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