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Home Ownership

What if i pay $100 extra on my mortgage

What If I Pay $100 Extra On My Mortgage?

Paying off the mortgage is a great goal to have, especially if you have a 30 year mortgage.  On my $116,000 mortgage paying an extra $200 per month put me on track to cutting my mortgage duration in half.  Because 30 year mortgages are mostly interest payments for the first …