|
In response to
"wouldn't paying down a mortgage save a ton of interest in the long run? -- nm"
by
zork
|
Surprisingly no. I paid an extra $100 last month, and it reduced my monthly payment by a whole 50 cents.
Posted by
ceregon
Dec 1 '08, 10:03
|
I know the break even point is 8.5 years away, so it will eventually be worth it. I do plan on paying an extra $100 per month this year, then maybe $200 next year, etc.
|