First things first, making bi-monthly payments on your mortgage WILL cut your mortgage repayment time down significantly. For example, making bi-monthly payments on a $200,000 mortgage at 6.0% you will have the mortgage paid off 6 years early and save…
Pay or get paid to play. Meet Interest. Interest is a fee paid on borrowed money. It is the price paid for the use of borrowed money, or, money earned by deposited funds. Interest can be simply broken down into…