Saving $100K on your next home sounds crazy, right? Savings like this are life changing and could allow you to do so much more with your future plans. Believe it or not, with a little change in mindset, it's possible.
A strategy that will save you thousands of dollars in interest charges and also cut multiple years off of your home loan is paying extra on your mortgage.
Understand that paying down the principal quicker on your home does not decrease your minimum payment each month. However, it will shorten the life of the loan and save you more money than most can save on their own.
Here are three ways to save you thousands on your next home.