Payoff Your Mortgage Faster - Relocation Forum - Free Relocation Package

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01-12-2007, 04:32 PM

Colorado_Real_Estate Colorado_Real_Estate is offline

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Payoff Your Mortgage Faster

Q: DEAR BOB: I was told a long time ago if you make one extra home mortgage payment each year on a 30-year fixed-rate loan it will be paid off in 15 years. If that is not true, how many years will it take off the mortgage by making one extra payment every year?

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