Can you shorten your amortization period

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How to Calculate Amortization Payments
Five ways to shorten your amortization period � Offer a larger down payment: � Make bi-weekly payments: � Leave your payment the same if you renew. With a refinance, you can also shorten or lengthen the loan term. Whether you want to reduce your monthly mortgage payment or pay off your. Yes, you may be able to shorten or lengthen your amortization under certain conditions. Borrowers looking to save on interest may want a shorter.

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Key Takeaways Choosing the period over which you should pay off your mortgage is a tradeoff between lower monthly payments and lower overall cost. Credit Cards. But cutting back on unnecessary expenses and putting that money toward extra payments can make good financial sense.