Do you save money if you pay off your mortgage early?
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Studied at the University of British Columbia, Lives in Vancouver, Canada.
By paying off your mortgage early, you'll save on the additional interest expense that would have been incurred in your regular payments. This savings can be significant, and will increase with the prepayment amount. ... The lower your interest rate, the less you stand to benefit through early retirement of debt.
2023-05-11 23:44:07
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Ava Wilson
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By paying off your mortgage early, you'll save on the additional interest expense that would have been incurred in your regular payments. This savings can be significant, and will increase with the prepayment amount. ... The lower your interest rate, the less you stand to benefit through early retirement of debt.