Home mortgage - If you pay one extra month's mortgage (write, "Principal only" on the check and send a note to the lender), you will take seven years off a thirty-year mortgage. — Cary Siegel
In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community. — Henry Paulson