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Posted on 8/2/13 at 12:50 pm to yellowfin
quote:
Add'l principal payments change the amortization schedule so more of your monthly payment will go to principal.
Like I said, I could be completely wrong and maybe I am... But will that change the actual dollars that he pays in interest over the next 4-5yrs? Long term, I agree 100% its smart to try to pay off early, but I don't see the point as he won't actually see a benefit since he plans on selling so soon.
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