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Better to pay more to reduce term of mortgage or to reduce capital
Louisali88!
Posts: 1 Newbie
Which is best in the long run? Pay extra per month to reduce term time of mortgage or to reduce capital
0
Comments
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The more you pay the sooner it gets paid off
Daily interest everything extra come off capital.1 -
Overpaying will reduce the capital owed which in turn will reduce the interest charged which will naturally reduce the term.2
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