I remember my first and only mortgage, back in 1990 we paid 9.5% interest on a 30 year mortgage, by the end of 30 years we would of paid triple the purchase amount of the house. We were able to pay it off in 22 years, which came to about double the price we bought the home for. We took advantage of an early payoff plan the Mortgage company offered where we paid about $50-75 more a month and made 26 (bi-weekly) payments a year instead of monthly.
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