Seven Mistakes: Mortgage and Money
Published by Sandra Campbell November 11th, 2006 in Mortgage Updates
Here you can check out a series of seven mistakes that are commonly made when choosing a mortgage. They show examples of money savings on 15 year v 30 year mortgages.
Looking back over the past 12 years of paying off my mortgage, I always made the practice of rounding up to the next $100 when making a payment. Not only does it make it easier to write out the check (e.g., One thousand six hundred instead of One thousand five hundred forty-five and 89/100), the extra $50 in principal saved a lot money in interest payments.