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Discusses the advantages of making extra mortgage payments each month, shows how it reduces the amount of interest paid over the course of the loan, and includes mortgage payment tables
This book investigates the long-term financial benefits of accelerating mortgage payments to minimize total interest costs. Warren Boroson, a veteran financial journalist, utilizes mathematical projections and comparative analysis to demonstrate how modest additional monthly contributions can significantly shorten loan terms. The text provides a structured framework for homeowners to evaluate their current mortgage agreements against potential savings strategies.
What You Will Find
Scope Limits
Readers frequently note the practical utility of the included payment tables for quick financial calculations. Experts highlight this as a foundational text for homeowners seeking to understand the mechanics of interest accumulation and debt reduction.
Page Count:
256
Publication Date:
1990-04-15
Publisher:
Macmillan General Reference
ISBN-10:
0020283458
ISBN-13:
9780020283454
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