A 13th Mortgage Payment Each Year Cuts Years Off – Mark It Principal-Only
Early in a mortgage, the scheduled payment barely reduces what you owe. On a $300,000, 30-year loan at 7%, $1,750 of the first $1,996 payment is interest, and interest outweighs principal in every payment for the first 20 years. An...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Comments (0)