Shawn is no dummy. He can see that paying interest is not so smart. So, Shawn starts saving his money. And Shawn makes a goal to … [Read more...] about Mortgage Basics: Year 25 Pay Off
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Mortgage Basics: Einstein Observation
Albert Einstein was a smart guy. And speaking to interest, he said: Interest is the eighth wonder of the world. Those who … [Read more...] about Mortgage Basics: Einstein Observation
Mortgage Basics: Actual Interest Percentage
Let's take a closer look at the monthly mortgage payment. For a 30 year mortgage, Shawn will make 360 monthly payments. Each … [Read more...] about Mortgage Basics: Actual Interest Percentage
$2 = $1,000
Shawn from the book decides to pay off his mortgage. So, he saves and saves his money until he has enough to pay off his mortgage. … [Read more...] about $2 = $1,000