Mankato Real Estate

Check out this excerpt from a great article on SAVINGS!!

“For consumers whose finances aren’t particularly complicated, Leamy is a big advocate of pre-paying your mortgage. For example, suppose you take out a $200,000 mortgage for 30 years at 6.5 percent interest. The monthly payment is $1,264.14. Let’s say you can afford to round up your monthly payment to $1,300, paying an extra $35.86 a month. You’ll save $23,900 over the life of the loan.”

Check out the full article here: http://finance.yahoo.com/banking-budgeting/article/108977/you-can-save-the-smart-way