If I pay off my mortgage earlier this month, my long-term mortgage is to end early?

In: Mortgage Payment

11 Oct 2010

I have a mortgage that I pay monthly one month in advance (for payment on October 1 September 1 means payment made). Will I save money on the line faster and maybe finish my mortgage?

Not really. It will pay a month earlier, but you can not save interest. But an additional principal office every month you pay and save!



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