Quote:
Originally Posted by FreeHugeMovies
On a 30 yr note: If you make one extra payment a year you reduce it to a 15 yr note.
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that doesn't sound right. Can you explain more or a link to info to show how they figure that.
So if I am paying 2,000 a month on a 30 year mortgage. (24,000 a year) you telling me if I pay a total of $26,000 a year instead I only have to pay for 15 years instead of 30 ?