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Home>Is It Wise to Pay Extra on a Mortgage at Today's Low Rates?

Is It Wise to Pay Extra on a Mortgage at Today's Low Rates?

Morningstar Articles

Mon, 4 Mar 2013

For years, many household financial managers embraced the conventional financial wisdom and dutifully paid an extra $100 or $200 on their mortgages each month. Such prepayments have the beneficial effect of shortening the length of the loan and reducing total borrowing costs. But the decision about

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