	GET MONEY BACK WHEN YOU BUY OR SELL HOMES IN CLEAR LAKE TEXAS

	Your Citihomes Real Estate Agent is: (Click on a name, picture, or email address to contact the Realtor)

	832-434-7368 1-888-453-7368

	(North, NE, East, SE Houston, Baytown, Tomball)

Money Saving Tips for Your Clear Lake New Home Mortgage Loan

Click Here to get a competitive mortgage loan quote

One Additional Mortgage Payment a Year

There's a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars. The trick is to make one extra mortgage payment a year and apply that payment toward your loan's principal.

This is the method being used by "Bi-Weekly Mortgage Reduction Services" and "Bi-Weekly Mortgage Savings Programs". Only, when you do it yourself, you don't pay a third party unnecessary set-up costs and fees!

Example: $100,000 loan, 30-year mortgage, 6.5% fixed interest rate

Extra Mortgage Payments/ Year	Principal & Interest	Additional Monthly Payment	SAVINGS	Total Paid	# of Years
0	$632.07	0	0	$227,542.98	29.92 / 359 mos.
1	$632.07	$52.68	$29,088.02	$198,454.96	24.12 / 290 mos.
2	$632.07	$105.35	$28,399.71	$181,050.85	20.5 / 246 mos.
3	$632.07	$158.02	$58,320.95	$169,222.03	17.92 / 215 mos.
4	$632.07	$210.69	$66,969.79	$160,573.19	15.92 / 191 mos.
5	$632.07	$263.36	$73,607.77	$153,935.21	14.34 / 172 mos.

One-time Payment

It may not be possible for you to increase your monthly mortgage payment. Keep in mind that most mortgages will permit you to make additional payments to your principal at anytime. Perhaps, five-years after moving into your new home in Clear Lake you receive a larger than expected tax return, or an inheritance or a non-taxable cash gift. You could apply this money toward your loan's principal, resulting in significant savings and a shorter loan period.

Example:

With a $100,000, 30-year, 6.5% fixed interest rate mortgage loan, the borrower will pay a total of $227,542.98 to pay back the loan in 30 years. That equals $127,542.98 in interest payments.

If the same borrower makes a one-time $5,000 payment the first day of year 6, he/she will pay a total of $204,710.75 and pay off the loan in 27 years (324 months). That's a savings of $22,832.23 in interest.

Are You Interested in a

Residential Mortgage Loan Quote?

Follow the link below and the instructions presented to get a competitive mortgage loan quote for your new home in Clear Lake, Texas

Click Here to get a competitive mortgage loan quote
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All rebates are subject to the consent of the Principals we represent.
All Advertised rebates are contingent upon using a Citihomes REALTOR® as your Agent. Some Conditions may apply.

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GET MONEY BACK WHEN YOU BUY OR SELL HOMES IN CLEAR LAKE TEXAS

Money Saving Tips for Your Clear Lake New Home Mortgage Loan

Are You Interested in a

Residential Mortgage Loan Quote?