Subscribe to THRIFTY TIPS
 
Subscribe to DEAL OF THE DAY
 


November 04, 2025

Read about our staffGreetings!

Owning a home can feel like a never-ending financial commitment, especially with a 30-year mortgage. But did you know a simple strategy can save you thousands and even shave years off your loan? Paying one extra mortgage payment each year, either in a lump sum or spread out over 12 months, can make a huge difference.

Depending on your interest rate and balance, it could reduce a 30-year loan to just 24 years. And the more extra payments you make, the faster your home becomes fully yours. Since these additional payments go directly toward the principal and not interest, every dollar has a bigger impact.

Be Well,
Anisa

Please add anisa@gophercentral.com to your address book or visit here.


Want To Find Some Hidden Deals?
VISIT HERE And See What Everyone Else Misses.

Why This Works

When you make your regular mortgage payments, a large portion goes toward interest in the early years. By adding even a small extra payment toward the principal, you reduce the balance faster, which in turn lowers the amount of interest you pay over time.

How to Make It Easy
1. Set up a small monthly extra payment that totals one full extra payment per year.

2. Specify to your lender that it should go toward the principal.

3. Track your mortgage state

Extra Tips
- Even rounding up your monthly payment to the nearest hundred can add up.

- Check if your mortgage has prepayment penalties. Most do not, but it is worth confirming.

- Treat extra payments like an investment. The long-term savings often exceed stock market returns with far less risk.

In Closing...

It might seem like a small change, but one extra payment a year can lead to financial freedom sooner and thousands of dollars saved. It is one of the simplest ways to take control of your largest expense and accelerate your path to homeownership.

You Said It, We Saved It

B Huge Sale 2020From the 10/28 edition:
"I stopped chasing every sale and started comparing unit prices instead. Now I’m saving about $20 a week without clipping a single coupon!" – Janet, OH

"My secret weapon? Freezing leftovers and baking supplies. I cut my grocery waste in half and it feels like getting a raise!" – Melissa, TX

"I switched to generic brands for basics like pasta and cleaning supplies—no one in my family even noticed, but my budget sure did!" – Robert, IL

Reply back to me with any comments on today's or past issues.

Featured Freebie: Free Cookie Taco Kit

Nestle Toll House is giving away  Cookie Tacos kits at 2:00 PM ET/11 AM PT on November 6, and December 4. Kits are available on a first-come, first-served basis while supplies last. To get yours, Visit Here


Missed An Issue? Visit our archives loaded with past and new issues.