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January 04, 2007

Should You Overpay On Your Home Loan?

A mortgage calculator helps determine the value of early mortgage payoffs.

Recently, I had an email exchange with a reader about whether or not they should overpay on their home mortgage or take that overpayment and invest it. I spent some time with Excel and Bankrate.com’s mortgage calculator and I made a few interesting discoveries. I don’t want to bury you in numbers, so I’m going to minimize them in this discussion; you can verify the information here pretty easily with Google Spreadsheet and Bankrate.com.

 

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Should You Overpay On Your Home Loan? The Simple Dollar Cracks The Numbers

Posted on January 4, 2007 09:48 AM by Mortga79.
Filed in Real Estate under mortgage calculator.
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