That's definitely better. I think you're wealth enough to go for it.

albxu (Yukon)
In fact paying off $12K a year for a $120K mortgage (10% percent) will reduce the amortization from 25 years to about 22 years.

So lump sum pre-payment is the fastest way to reduce the amortization period and the best way to save the interests paid.
2002-2-22 -04:00
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Back To Topic: Rolia DXs: I wanna buy a house. I'm a first time home buyer. I know that most people choose 25 years mortgage. But I wanna choose 20 years mortgage. Is there someone sharing the same choice with me?

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