21 Jan

Should You Spend Extra Money On Your Mortgage?

General

Posted by: Croydon DeMello

Depending on the lender you can pay 15% to 20% as a privilege payment each year which goes fully to principal/equity which means you can save on interest costs and pay off your mortgage faster.  Let’s look at an example: Say you took out a mortgage for $300,000 with 30 years to pay it off. […]

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