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OntarioCanuck

Posted 1/20/2025 10:16 (#11064230 - in reply to #11064134)
Subject: RE: mortgage math problem

North of London

I would think the savings are because you pay sooner so fewer days of borrowed money to pay interest on.
It may depend on how mortgage/loan is written but anytime principle is paid off it reduces the amount that interest is charged on

Am I correct????

Edited by OntarioCanuck 1/20/2025 12:02

mortgage math problem - Chris : 1/20/2025 08:19
- RE: mortgage math problem - dri : 1/20/2025 08:23
  - RE: mortgage math problem - martin : 1/20/2025 08:24
    - RE: mortgage math problem - German Shepherd : 1/20/2025 09:05
      - RE: mortgage math problem - cjd12000 : 1/20/2025 09:43
      - RE: mortgage math problem - martin : 1/20/2025 14:23
- RE: mortgage math problem - Jogie : 1/20/2025 08:32
  - RE: mortgage math problem - Chris : 1/20/2025 09:25
    - RE: mortgage math problem - martin : 1/20/2025 14:25
- RE: mortgage math problem - Little papa : 1/20/2025 09:21
- RE: mortgage math problem - junk fun : 1/20/2025 09:28
  - RE: mortgage math problem - German Shepherd : 1/20/2025 09:41
    - RE: mortgage math problem - OntarioCanuck : 1/20/2025 10:16
      - RE: mortgage math problem - junk fun : 1/20/2025 20:41
- RE: mortgage math problem - bakerna4 : 1/20/2025 09:31
  - RE: mortgage math problem - jd8850 : 1/20/2025 12:23
    - RE: mortgage math problem - bakerna4 : 1/20/2025 14:28
- RE: mortgage math problem - md.mcwill : 1/20/2025 10:02
- Bi weekly OR 2 pays per month - OntarioCanuck : 1/20/2025 10:09
  - RE: Bi weekly OR 2 pays per month - r82230 : 1/20/2025 12:03
    - RE: Bi weekly OR 2 pays per month - jd8850 : 1/20/2025 12:25

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