Should you make an extra mortgage payment a year? Here are 3 benefits.
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yahoo.com
💸🏡 When you pay off your mortgage early, you might actually be leaving money on the table. ⠀ Sure, putting extra money toward your mortgage seems like a responsible move — but here’s why it might not be the smartest way to build wealth. ⠀ Let’s say you have a $450,000 mortgage at a 4% interest rate for 30 years. If you start paying an extra $200 per month, you’ll save around $32,000 in interest and cut 5 years off your loan. Sounds great, right? ⠀ But what if you invested that $200 per month i
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