Ep. 231 - How to Save Thousands WITHOUT Refinancing

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Homeowners, what if you could lower your mortgage interest rate without refinancing? In this episode, Quinton Harris shares how small steps like making extra payments, using your tax return wisely, and switching to bi-weekly payments can save you thousands. Learn how just $100 extra per month or one additional annual payment can shorten your loan term by years and reduce your overall interest by tens of thousands of dollars. If your mortgage rate is above 6.875%, this episode is a must-watch.

"The less interest you pay, the more you're putting back into your own pocket—every dollar matters." – Quinton Harris

[00:00:00] - Intro and mortgage hacks.

[00:01:09] - Why refinancing may not be the best option.

[00:02:40] - How making extra payments can save you money.

[00:03:39] - Using your tax refund to make an extra payment.

[00:04:32] - A mock mortgage illustrates how making extra payments can save you money.

[00:07:33] - Why lenders don't want you to make extra payments.

[00:08:00] - Recasting your mortgage after making a large lump-sum payment.

[00:09:20] - How making bi-weekly payments can help you pay off your mortgage faster.

[00:12:23] - The importance of educating yourself about mortgage hacks.

[00:12:45] - The upcoming Fed meeting and its potential impact on interest rates.

[00:13:05] - Overview

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If you are interested in or have any questions about how to obtain a home loan, feel free to reach out to LoanPeople at www.loanpeoplejax.com

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