Surviving Financial Crises

Getting Out of Debt

Can adding just a few hundred dollars to my mortgage payment help in reducing my debt?

Yes, some people choose to add an additional sum to their normal monthly mortgage payment, so that they may pay down their principal. The effect can shave several years off your mortgage, and save you thousands of dollars in interest payments, depending on your loan size, your interest rate, and how many months you have remaining on your mortgage.


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