Monday, September 13, 2010

Is there a way to pay off your house in less then 30 years?

I was told that you could cut about 18 years of paying by doing the folowing:(just an example)

Lets say you have to pay $850 of mortage and of those 850 only $80 go towards the price of the house, so if you give $80 extra the next month, they cant charge you interest for the next month since you already paid the $80 that was going towards the house. IS THIS TRUE!??