• Home
  • Mobile Banking
  • Personal
    • Certificates
    • Checking
    • Savings
    • Additional Services
    • Credit, Debit, ATM Cards
    • Loans
    • Switch Kit
    • Online Account Opening
  • Business
    • Cash Management
    • Business Checking
    • Loans
  • Mortgage
  • Agriculture
    • Real Estate Banking
    • Loans
  • About Us
    • Giving Back
    • Locations & Hours
    • Careers
    • Contact
  • Local Events
  • Home
  • Privacy Policy
  • Contact Us
  • Blog
  • Site Map
Citizens First Bank Logo Log In Click for contact info
Open an AccountOpen an AccountClick for Mobile bankingMobile Banking Click for online banking Online Banking Click for contact info Contact Us
Citizens First Bank Logo
  • Personal
    • Certificates
    • Checking
    • Savings
    • Additional Services
    • Credit, Debit, ATM Cards
    • Loans
    • Switch Kit
    • Online Account Opening
  • Business
    • Cash Management
    • Business Checking
    • Loans
  • Mortgage
  • Agriculture
    • Real Estate Banking
    • Loans
  • About Us
    • Giving Back
    • Locations & Hours
    • Careers
    • Contact
  • Local Events
Citizens First Bank Logo

You are now leaving Citizens First Bank's website and are going to a website that is not operated by the bank. We are not responsible for the content or availability of linked sites.

Citizens First Bank offers links to other third party websites that may be of interest to our website visitors. The links provided in our website are provided solely for your convenience and may assist you in locating other useful information on the internet. When you click on these links you will leave the Citizens First Bank website and will be redirected to another site.

These sites are not under the control of Citizens First Bank. Citizens First Bank is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information. Also, please be aware that the security and privacy policies on these sites may be different than Citizens First Bank policies, so please read third party privacy and security policies closely. If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.

Proceed
Home Blog 3 Moves to Pay Off a Mortgage Quicker
Single Post Featured Image

April 7, 2022

3 Moves to Pay Off a Mortgage Quicker

Find out how to accelerate the process of paying off your mortgage.

Do you want to decrease the total amount of time and money invested in your mortgage? Make it possible with these three strategies for refinancing, budgeting, and more.

Refinance your loan

Many things can change during a 30-year mortgage term. By refinancing, your current mortgage is replaced by a new one which allows you to negotiate a lower interest rate and reduced interest payments over the total life of the loan. Although this option is not realistic for everyone, consider taking on a higher monthly payment if your income has increased since you took out your mortgage. Consider reducing your loan term by half and making larger monthly payments, or keeping the loan term the same and just making larger payments. For great rates on mortgages, visit a Citizens First Bank loan expert at your local branch.

Cut out private mortgage insurance

Are you currently paying private mortgage insurance (PMI)? PMI is a mortgage insurance that protects the lender – not you. Request to have your lender remove it if you have met the loan-to-value ratio requirement on your mortgage. You can make this process go faster by increasing your home equity with upgrades and an appraisal.

Windfalls and budgeting options

Use extra cash to chip away at your mortgage when you have the opportunity. Bonus checks, stimulus payments, tax returns, and inheritance money can contribute to your payments without upsetting your monthly budget. Have a tight budget? Consider paying just $100 extra in addition to your mortgage payment each month. If you can fit any extra payment into your budget, it is well worth the savings in interest payments.

For more mortgage resources visit your local Citizens First Bank in person or online. Our experienced team can help find the right plan for your future finances.

Facebook0
Other posts you may like

6 Ways to Save on Date Night

A memorable and fun date night doesn’t need to break the bank! Whether you’re getting to know a new potential match, or are in an established relationship, dates play an important role in making connections. While an elaborate night out can be an exciting occasion, there are many other date night options that won’t break […]

Other posts you may like

How to Protect Yourself from Fraud

Follow these steps to avoid and prevent financial fraud. Discovering fraudulent activity on your account can be a frustrating experience. While you can’t always stop fraud from occurring, there are steps you can take to minimize it. Here are some helpful tips to help protect yourself from financial fraud: Stay alert while online. When you’re […]

Recent Article


6 Ways to Save on Date Night

February 1, 2023

Recent Article Featured Image

You May Also Like


How to Protect Yourself from Fraud

January 25, 2023

Will Your Retirement Savings Be Enough?

January 18, 2023

5 Common Investing Mistakes to Avoid

January 11, 2023

3 New Year’s Money Resolutions

January 4, 2023

  • Home
  • Privacy Policy
  • Contact Us
  • Blog
  • Site Map

©2023 Citizens First Bank. Equal Opportunity Employer. Member FDIC. Equal Housing Lender.

FDIC logo