close
    CLOSED: House payment info.

    I pay a little extra on my house payment every month. Someone told me it would be to my advantage to save the money and make one payment in Jan. Is there any truth too that.

    +1  Views: 461 Answers: 2 Posted: 7 years ago
    Tags: home payments

    2 Answers

    Know one has a clue?

    Depends on how much interest you make on the saved money. Generally, the interest on the mortgage is more than what you could make on saved interest. You can also make a half mortgage payment, twice each month, and pay off the balance quicker.

    Headless Man

    Thanks....

    Top contributors in Uncategorized category

     
    ROMOS
    Answers: 18381 / Questions: 154
    Karma: 1096K
     
    Colleen
    Answers: 47519 / Questions: 115
    Karma: 953K
     
    country bumpkin
    Answers: 11048 / Questions: 159
    Karma: 807K
     
    jhharlan
    Answers: 9944 / Questions: 1119
    Karma: 740K
    > Top contributors chart

    Unanswered Questions

    442119
    questions
    710911
    answers
    518911
    users