Interest on the average home mortgage will cost the homeowner nearly TWO TIMES the cost of the home.If you were to buy a $150,000 home with a $120,000 mortgage (80%), and you paid an interest rate of 9% for 30 years, you will have paid over $227,500 just in interest (in addition to the original $120,000). Save Thousands On Your Mortgage You may not be able to lower your credit card interest rates.But you can make additional or extra payments.So how does making an extra payment help lower your interest charges? ***************************************************************© Simple Joe, Inc.David Berky [...]
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