Pay more on your mortgage. Why? @AdviceIQ

Mortgage-debtConventional wisdom says that making extra payments toward your mortgage saves interest. True, but that’s not all. Increasing your mortgage payment also means larger equity value and more money in your pocket when you’re older.

What this means to you later in life is explained in my brief article below:

 

 

Article picked up by USAToday.

Original blog … What does making extra mortgage payments REALLY do? … that inspired my syndicated article above.

 

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4 Responses to Pay more on your mortgage. Why? @AdviceIQ

  1. Larry Frank, Sr. January 1, 2015 at 12:20 pm #

    This article was also published here
    http://www.mortgagedaily.com/consumers/TnsEarlyPaydown123114.asp

  2. Larry Frank, Sr. January 10, 2015 at 3:40 pm #

    Here are a couple of websites where you may get information about things like current rates, loans, etc based on your specifics

    http://www.mortgagemarvel.com/home/Index

    and this site has calculators to make comparions, etc

    http://www.mtgprofessor.com/calculators.htm

  3. Larry Frank, Sr. January 20, 2015 at 2:29 pm #

    7 factors that determine your mortgage rate:

    https://www.consumerfinance.gov/about-us/blog/7-factors-determine-your-mortgage-interest-rate/

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