In the next few weeks, I am buying a new house which got me thinking about how I could potentially pay off the mortgage faster and earlier than the traditional 30 year term. I have come up with an example to highlight how not only the amount of additional payments on principle, but how the timing related to those payments affect the cost savings on interest that you will realize over the term.
Let me know if you have any thoughts or questions by sending me an email to justin@universalbookkeeper.com
