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SVTPerformance's Chain of Restaurants
Road Side Pub
15-year fixed vs 30 year fixed for $80,000 mortgage.
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<blockquote data-quote="NB99COBRA" data-source="post: 4669308" data-attributes="member: 39202"><p>I didn't read every post, so this may have already been said, but I was told that a good trick to reduce your overall time paying your mortgage is to add an extra payment a year, and then divide that cost over the other twelve. Basically take whatever you are paying per month, divide it by 12 and pay that extra ammount each month. It won't be a big increase, but will eventually help pay down the mortgage quite a bit quicker.</p></blockquote><p></p>
[QUOTE="NB99COBRA, post: 4669308, member: 39202"] I didn't read every post, so this may have already been said, but I was told that a good trick to reduce your overall time paying your mortgage is to add an extra payment a year, and then divide that cost over the other twelve. Basically take whatever you are paying per month, divide it by 12 and pay that extra ammount each month. It won't be a big increase, but will eventually help pay down the mortgage quite a bit quicker. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
15-year fixed vs 30 year fixed for $80,000 mortgage.
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