Want to pay off your home loan 5-7 years earlier and save money on interest?
Let’s consider an example to illustrate how paying extra off your mortgage each month can save years off your home loan: Assume you have a 30-year fixed-rate mortgage with a principal amount of $250,000 and an interest rate of 4%. Your monthly mortgage payment (principal and interest) would be approximately $1,193. Now, let’s say you […]
