In Episode 5 I mentioned how extra premium payments can make a big difference. Here is a great tool via Bankrate.com to see what some extra payments, lump sum or systematically can do to the length of your mortgage. Enjoy!
Hey – got episode 5 up on Friday. Taking a deeper look at understanding mortgage payments and all the extras you may be paying for including, escrow and PMI. Taking over your escrow payments is a way to reduce what’s being payed to your lender but be careful, you need to be ready to pay taxes and insurance when they come due!