Did you know…
By paying an extra $100.00 on the principal of a mortgage every month, thousands of dollars in interest can be saved, and the mortgage paid off nearly 6 years sooner.
Exp: 30 year fixed-rate mortgage of $200,000 with a 6.74% tax-deductible interest rate.
Savings: $12,000.00 or so.
- Bankrate.com, 2007 -