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Over the life of a mortgage, the interest you pay can add up to thousands of dollars.
Here are four smart moves you might make to save a lot of money onmortgage interest.
Shop Around for the Best Rate
Dont settle for the first mortgage offer you get.
Different lenders offer different rates and terms.
By shopping around, you’ve got the option to find the best deal.
Even a small difference in the interest rate can save you a lot of money over the years.
Make Extra Payments
Makingextra payments on your mortgagecan significantly reduce the amount of interest you pay.
Even small additional payments can make a big difference over time.
If rates have dropped since you first got your mortgage,refinancing can save youthousands of dollars.
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