Submitted by TenDogsInATrenchcoat t3_126nqo7 in personalfinance
he_who_floats_amogus t1_jea96bu wrote
Reply to comment by booztedmike in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat
Maybe. The problem is that money has time value, so in practice paying down the mortgage faster will only save you money if paying down the mortgage happens to be the best investment for your money. It's possible, but it's also possible you will have the opportunity for better investments.
Viewing a single comment thread. View all comments