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Tuesday, February 12, 2008

Pay off Your Mortgage in Half the Time

Source: Lifehacker.com

...use the method described by Charles Givens in his 1988 best-seller Wealth Without Risk: "You can pay off your 30-year mortgage in half the time without refinancing by making extra principal payments. On the first of the month when you write your regular mortgage check, write a second check for the 'principal only' portion of the next month's payment."

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