Sunday, October 1, 2017

Can I own my home quicker if I pay extra on my mortgage each month?

Can I own my home quicker if I pay extra on my mortgage each month?
Added (1). Let's say I get a 30 year, fixed rate mortgage for 70,000 at a 3.875% interest rate and my payment is $350.00 per month. I did the math & at that rate I would have paid $126,000 all in all. If I pay $900.00 per month instead of $350.00 could I pay my house off in 11 years instead of 30?

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