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Forums » Consumers - Questions, Answers, Help » Mortgage Questions » Save Money on Mortgage Interest Making Extra Payments
 

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Latest post Thu, Oct 29 2009 3:44 PM by Harlan Cooper. 1 replies. Viewed 216 times.
Page 1 of 1 (2 items)

  • Wed, Oct 28 2009 3:31 PM                

    • Anonymous

    How many years can I save on my mortgage if I pay 2 additional payments on my mortgage yearly(principle only). I owe approx 49,000

  • Thu, Oct 29 2009 3:44 PM                 In reply to

    |Contact

    Not enough information to calculate. To answer this question one would need to know, besides the balance of $49,000, the interest rate (and is it fixed?), the current P&I (not including taxes and insurance), the additional amount you intend to pay and the frequency of the extra amount (every 6 months?).

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