Mortgage Reduction Secret Weapon: Your Down Payment Part 1 of 3

The personal finance literature is replete with tips to assist you with paying off your mortgage sooner than the standard 30-year amortization period. Most of these tips rely on bank-sponsored bi-saver programs or snowflake and snow ball debt reduction plans geared to … A quick trip over to Hugh’s Calculators provides the following illustration on a $125000 mortgage with no down payment. Over the life of the loan, the homeowner will pay $166869.14 in interest payments. …
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Mortgage Reduction Secret Weapon: Your Down Payment Part 1 of 3