Altgage prepay is a smarter way to pay your mortgage. It's all automated after a 90-second setup.

At an interest rate of 6%, you'll only pay back 16.3% of your loan principal in the first 10 years. With Altgage PrePay you'll repay 33.3% or 2x more. Interest rates determine how much you'll repay with a typical amortization. With Altgage PrePay, payback is constant. The extra payments to principal are recalculated every month using your specific interest rate, loan balance, and term. Moving or refinancing restarts the pain of amortization.

Front-loaded prepayments help maintain a fair payback schedule. They also decrease every month for two reasons. First, the principal component of a fixed payment increases over time. Second, previous prepayments have a compounding effect. Altgage PrePay typically stops between years 10-12, but the savings cascade continues

Once you PrePay, sit back and relax. You don't have to worry about changing the amount each month. We do it all for less than the cost of a cocktail (avg. of ~$9.6). Funds transfer securely and automatically from your checking account to your mortgage servicer. You'll get monthly reminders of upcoming prepayments and a savings summary.

1. Guaranteed high-yield savings - while investments carry risk, prepaying your mortgage results in guaranteed savings equal to your interest rate. While putting money in a savings account yields 1-2%, prepaying your mortgage yields ~3x higher savings. These savings also compound for up to 30yrs, depending on the time of prepayment. That's why prepaying earlier is better.

2. Tax-free savings (for most) - prepayment isn't just risk-free; it's also tax-free. While bond dividends are taxed at 20%, mortgage interest savings are not. The Tax Cuts and Jobs Act (TCJA) of 2017 nearly doubled the standard deduction and limited state and local taxes to $10,000. In 2022, the standard deduction is $25,900 for married couples filing jointly. 85% of Americans don't need to itemize, so paying mortgage interest doesn't pay you back.