12/23/2012
http://realestate.aol.com/blog/2012/12/12/paying-extra-on-your-mortgage-can-go-a-long-way/
Mortgages can be viewed very differently.
Some see them as a positive financial instrument, a way to free up their money so it can be invested elsewhere, ideally for a better return.
Then there are those who view mortgages as the root of all evil, as a debt overhang that must be terminated as quickly as possible.
Whatever your stance, you’ve probably entertained the idea of making “extra mortgage payments,” though you may not know the exact impact, due to the complexity of mortgage amortization.
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