My wife and I bought a house last year and were told that putting the extra principal like $100 on top on mortgage payment is not good or waste of money if one day we want to sell the house and just make the mortgage payment only, please explain this in simple terms? I know it makes since if we stay in the house but also if we keep the house we dont save much on interest; but, this if confusing to us, please explain? We bought the house for 115k and it was worth 120k but put the closing cost 5k in mortgage so we pay 120k mortgage.
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