Mortgages - One % Is Not That Big of a Deal

One % is huge in the real estate, in the mortgage world. Interest that you want to pay over te life for the loan is also very important. You can do as little as a hundred dollars a month to your principal balance and you'll be surprised of how much interest you'll save on your mortgage. If you have a 30 year mortgage, you know what i tell folks all the time? Take your income taxes refunds, right and apply that every single year toyour principal balance. That could bring down your debt.