2 Days
Source:
USA TODAY
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Source: USA TODAY
2 DaysUSA TODAY
Source: USA TODAY
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About one in four mortgage borrowers made extra principal payments in the past five years, according to Rocket Mortgage, with such payments more common among borrowers with lower interest rates. Paying extra can shorten a loan and reduce interest, but financial experts say homeowners may be better off first paying higher-interest debt, particularly when their mortgage rate is low. Whether to pay down a mortgage or invest depends on borrowers’ goals and circumstances.
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