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TPB X thread

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TPB X thread

This greatly depends on your rate. That said it’s a very smart practice and even with a very low rate can shave 4-5 years off your mortgage
Paying down to 17 years seems aggressive.... I know I ran the amorts on paying half a payment bi weekly instead of 1 payment monthly on my last mortgage and it would shave off 7 years which is essentially the same concept.
 
Paying down to 17 years seems aggressive.... I know I ran the amorts on paying half a payment bi weekly instead of 1 payment monthly on my last mortgage and it would shave off 7 years which is essentially the same concept.
haven't done the math lately but it use to be if you paid an additional 13% of your payment to principal each month it would basically pay off a 30 yr loan in 15 years. One of the few things I remember from Accounting Classes in College
 
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