<h1>Three Simple Ways to Save Tens of Thousands of Dollars on Your Mortgage</h1>
<p>I'm Tyler, a former financial advisor and portfolio manager who now creates free financial content to help you save money.</p>

<h2>1. Make One Additional Payment Each Year</h2>
<p>For a $300,000 home with a 4.25% 30-year fixed mortgage, making one extra payment each year could save you roughly <strong>$40,000</strong> in interest and cut <strong>five years</strong> off the life of your loan.</p>

<h2>2. Switch to a 15-Year Fixed Mortgage</h2>
<p>If you're feeling bold, consider changing your 30-year fixed mortgage to a 15-year fixed mortgage. This typically offers a much better interest rate. With the same $300,000 mortgage, you could save around <strong>$134,000</strong> in interest and reduce the loan term by <strong>15 years</strong>.</p>

<h2>3. Set Up Biweekly Payments</h2>
<p>For those on a tighter monthly budget, setting up biweekly payments instead of monthly payments can be an effective strategy. By doing so, you will make <strong>26 half payments</strong>, which is equivalent to <strong>13 full payments</strong> annually. This can save you about <strong>$44,000</strong> in interest and shorten the loan by <strong>five years</strong>. Just ensure that each additional payment goes directly towards the principal and not towards interest.</p>

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