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Additional monthly mortgage payment vs a yearly payment vs a combination
Additional monthly mortgage payment vs a yearly payment vs a combination So I am having this conversation with my friend as we are both trying to pay our houses off quicker. Let's say I plan on paying an additional $10,000 per year on my mortgage. We realize that it is negligible whether you pay $833 per month vs $10,000 per year (as a lump sum) extra. However, is there a benefit to doing a combination? Like pay $50...
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