01-20-2020, 4:19pm
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#58
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2020 Election Expert
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Quote:
Originally Posted by Mick
There is nothing counter-intuitive about sending some of the money you are planning on "saving" to your mortgage lender to reduce the balance on your loan. Your "return" on those funds is going to be the interest rate on the loan, which will be higher than the interest rate on any savings account available, unless you have a fixed rate loan and interest rates have gone up dramatically since you bought your home.
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