If you are like an increasing number of American homeowners you have a strong desire to be out of mortgage debt as quickly as possible. These past few years have left many people very gun shy of mortgage debt. Normally, our vision of retirement is not complete until that ball and chain is cut loose.
Homeowners [...]

Popularity: 100% [?]

If you are a homeowner you have definitely experienced a time where you opened the current months mortgage statement and noticed how little of your hard earned money went towards principal. It is a hard reality that we all have faced. Why is this?
The problem is the 30 year amortization schedule combined with the closed end [...]

Popularity: 2% [?]

The average American keeps their mortgage for a maximum of 5 - 7 years. The banks know this. As a result, 30 year loan amortization is structured so that the majority of what you will pay on a standard 30 year fixed rate loan will be interest for those first 7 years.
It is no secret [...]

Popularity: 3% [?]