Tag Archive | "pay a 30 year mortgage like a 15 year mortgage"

Prepaying VS. 15-Year Mortgages

Saturday, November 7, 2009

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A mortgage that has grown in popularity is the 15-year mortgage. Fifteen-year mortgages are an excellent way of reducing your interest costs. There is a misconception by some people that the monthly payment of a 15-year mortgage would be twice as much as the 30-year mortgage. Not true at all! Instead of the $1,498.88 monthly [...]

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