payaccel: Is Paying a Little Extra Every Month the Same as Mortgage Elimination?
- 08/15/07 11:17 AM
I recently responded to a comment in Margaret Woda, a Realtor out of Maryland (http://activerain.com/blogsview/161295/What-s-the-future) where another real estate agent implied that paying a little extra per month and one additional payment at the end of the year was the same as Mortgage Acceleration or Mortgage Elimination. The key here is that in a Mortgage Elimination program (in most cases) you do not have to pay extra per month. That would defeat the purpose of the program. Here is my response to the comment. Hi Margaret. Great post. I am responding to Nestor and Katerina's comment regarding being able to do the same thing … (1 comments)
I recently responded to a comment in Margaret Woda, a Realtor out of Maryland (http://activerain.com/blogsview/161295/What-s-the-future) where another real estate agent implied that paying a little extra per month and one additional payment at the end of the year was the same as Mortgage Acceleration or Mortgage Elimination.
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