Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Mortgage Refinancing » How can I reduce my monthly mortgage by investing more $$ without refinancing and keeping 30 years fixed rate?

How can I reduce my monthly mortgage by investing more $$ without refinancing and keeping 30 years fixed rate?


  1. I have a 5 year ARM mortgage and i need advice on refinancing to a fixed rate mortgage? When I bought my house it was worth 291,000 where I made a down payment of 20,000 and now I...

  2. What are the negotiating terms/drivers for a 40 year fixed rate home mortgage refinancing deal? I’m looking to obtain the best deal possible, so help me with the hidden quirks on this of type of...

  3. Will my monthly mortgage lower, without refinancing, if I pay in lump-some? If I have a loan of 200k started say last month and my monthly mortgage is 700, and I pay...

  4. How can i reduce closing costs while refinancing my mortgage with good credit? Hello mtg. gurus. What would you suggest in the way of reduced closing costs and APR? What can I do...

  5. Is it true that refinancing mortgage can decrease my monthly payments? ...

Written by

Filed under: Mortgage Refinancing · Tags: , , , , , , , , , ,

5 Responses to "How can I reduce my monthly mortgage by investing more $$ without refinancing and keeping 30 years fixed rate?"

  1. says:
    you can pay bi-weekly to cut the 30yr term to maybe 23years…..or pay 1extra payment per year.
  2. Judy says:
    You probably can’t. Paying extra would cut the time down and pay it off early, but wouldn’t reduce the amount of the monthly payment.
  3. John M says:
    don’t pay off a 30 year mortgage early if you pay income taxes. The interest on your mortgage is tax deductable, making your “hurdle” rate for alternatives for that extra money, just your mortgage interest rate times 1- your marginal tax rate. Your marginal tax rate is the rate at which the next dollar you earn will be taxed. So lets assume you pay 35% combined state and federal income tax on the next dollar earned.

    If your home mortgage rate is 6%, you can invest the money you would have used to pay your mortgage off early at any investment that will yield at least 6 (1-.35) or 3.9% and be ahead of the game.

    Now, this only works if you are disciplined, and actually invest the money every month, and if you leave it in a good long term investment with low fees and commissions. But a good index fund tied to the S&P 500 will do very nicely on this as long as you don’t plan to retire in the next 10 years or less.

  4. Adam A says:
    Unless you have an Option Arm or some other mortgage that allows for payment options, you have no way to reduce your monthly obligation. You can shorten the term without refinancing though. Have you ever heard of a Money Merge Account? Check this link out. It shaved 16 years off my mortgage without changing my quality of life…meaning I paid no more out each month. No refinancing required.
  5. cnichol_t says:
    another option, depending on your mortgage agreement, is to make a lump sum payment and then re-amortizes the loan. Lenders generally have a min/max requirement, i.e. no less than a $10,000 payment and no more than $25,000 for one time. My lender stipulates no less than $15,000 and can only be done once every 10 years from last deposit.

Leave a Reply

Connect with Facebook


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player