Now that many of you have crunched the numbers for accelerating your mortgage payoff, I think you are ready for a quick lesson on speeding through your mortgage. Now, I am not saying you should speed.
If you do not know the amount of the regular loan payment, then we must calculate it before we can calculate the final balloon amount. Example: Assume you are considering a mortgage for $146,500. You want the monthly payment calculated based on a 30-year loan, but.
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