Today’s Quick Tip
Wanna pay down debt or your mortgage faster AND save lots of $$$?
Extra payments that you make usually go 100% to the principal of the loan, not the interest, potentially saving you thousands of $$$ in interest costs. Talk to your financial institution and see how pre-payments can work for you.
Tags: interest, loan, money, save money
July 24th, 2009 at 11:10 am
I don’t have a mortgage yet.. .one day, hopefully sooner rather then later I will. But in the meantime, my partner and I put $150/week towards our ‘House Fund’.