roosevelt
Apprentice
Joined: 30 Jan 2004
Posts: 8
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 Posted: 10/31/07 - 23:58 Post subject: |
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| Hi, I have to say that there are many different opinions about mortgage overpayment. Some of them are positive some are not. Some people think that it as a useful feature, which helps you save a lot of money. Others think that it is just a way that lenders use to attract more potential borrowers. If you do not have debts, you can use overpaying in order to reduce total amount of interest. In this way your would be shortening mortgage term as well. However, if you have debts I think you should forget about this option. |
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