prepaying principal and eliminating interest: Reduce your mortgage by pre-paying principal and eliminate interest.
- 12/04/11 11:37 PM
Homeowners know that a mortgage is a great way to buy a house. But, too many don't realize just how much a mortgage can run the price of house up over the course of a loan. If I told you that I would sell you a $200,000 house for $364,813.42 you would never do it, but a 30 year mortgage can run the purchase price of a house up $164,813.42 in interest at 4.5% over a 30 year mortgage. There are ways to reduce that number that are simple and within reach. Anytime you take out a mortgage, make sure you have … (25 comments)
Homeowners know that a mortgage is a great way to buy a house. But, too many don't realize just how much a mortgage can run the price of house up over the course of a loan. 
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