A mortgage payment is the average homeowner’s single biggest monthly expense, especially considering that banks will lend up to 43% of your income with a mortgage loan. Clearly, taking action to reduce mortgage costs can have a big effect on the amount of cash left in your bank account at the end of each month.
In the video segment below, Motley Fool analysts Kristine Harjes and Nathan Hamilton talk about two mortgage savings tips that could help you pay down your mortgage faster.