Shawn from the book has learned a lot.
- Those who understand interest collect it. Those who don’t, pay it. (He pays a fortune in interest!)
- Paying off your mortgage will save a ton.
- You don’t have to wait to pay off your whole mortgage. You can make prepayments along the way.
- Making a prepayment can save you a lot of money.
- The earlier you make a prepayment, the more you will save.
That last bullet point is worth repeating. The earlier you make a prepayment, the more you will save. Let’s look at another angle for your mortgage.