Did you know that you could virtually pay off your 30-year home loan in half the time? Imagine not having the worry of a mortgage payment every month! More importantly, have you ever considered just how much money you could save? Literally, it’s tens of thousands of dollars in interest. Financial journalist and author of Smarter Property Investment, Peter Cerexhe, advises home owners to use online mortgage calculators to see how much difference a small repayment, or more regular payments can make to reducing the life of your loan. Cerexhe says, “What you’ll find is that if you can afford to pay a little extra, you can achieve a substantial reduction in the term of the mortgage.” ...
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