Sunday, February 10, 2008

Front Loading Your Mortgage

Front loading your mortgage is the principle of making extra payments to reduce the total cost of your mortgage. Most standard mortgages are a combination of capital and interest repayment mortgages. If you borrow a mortgage for 150,000 for 25 years; the bank may work out that your monthly payments should be 1,100 per month. [...]

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[Source: Finance Blog]

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