Save long-term pain by reading the fine print

Consumers taking advantage of low mortgage rates from banks and brokers may not realize  what they are truly getting – or in some cases what they're not getting.

Last week, Mortgage360 received three inquiries from homeowners whose respective mortgages went wrong with other brokers or banks. In all three cases, the homeowners had attempted to refinance their previous low-rate five-year fixed mortgages into new, lower-rate variable mortgages.

Freedom is as easy as one, two, three

To be mortgage-free faster, it is up to borrowers to take the necessary steps to accelerate  payments. And it's not as simple as waiting until your lucky six numbers come up in the lotto.  Paying off a mortgage sooner is all about strategy and automation.

Here are three ways to cut your mortgage down to size.