Obtain a $1,000 refinance loan to make an additional principal payment on current mortgage and current mortgage loan balance will start to decline. Pay off part of interest-bearing mortgage in increments and secure a no interest loan in exchange. Gain more home equity faster. Goal is to save on interest charges being charged while paying down mortgage debt. Shorten mortgage loan duration and accelerate mortgage pay-off date. Select your own repayment schedule and monthly due date. No pre-payment penalties. Loan Processing Fees: