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2. How 1 Extra Mortgage Payment a Year Helps Pay Off Your Home ...

   www.aol.com/finance/one-extra-mortgage-payment...

   Additional principal payments also build home equity and help eliminate PMI faster. The cost of PMI for a conventional home loan averages 0.58% to 1.86% of the original loan amount per year.

3. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

   www.aol.com/dave-ramsey-7-tips-paying-120027516.html

   Here’s how extra payments would affect a $220,000, 30-year mortgage with a 4% interest rate: Make one extra payment each quarter to shave 11 years and nearly $65,000 off your mortgage.

4. How much should a house down payment be? - AOL

   www.aol.com/finance/much-house-down-payment...

   If you’re a first-time homebuyer feeling worried by the 20% down payment guidance commonly quoted, know that a down payment can actually be much lower—for example, 3% to 5% depending on loan type.

5. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   This down payment may be expressed as a portion of the value of the property (see below for a definition of this term). The loan to value ratio (or LTV) is the size of the loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a down payment of 20% has a loan to value ratio of 80%.

6. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   Individual borrowers who expect to prepay their loans early should generally favor a combination of lower principal balance and higher interest rate (which stops accruing after prepayment), rather than a below-market interest rate and higher principal balance (which much be paid in full, regardless of prepayment).

7. What is a down payment? - AOL

   www.aol.com/finance/down-payment-180952544.html

   In that $400,000 home example, a 20 percent down payment would save more than $78,000 over a 30-year mortgage. Potentially better terms: Lenders like to see larger down payments.