How You Should Really Spend Your Holiday Bonus

December 11, 2013  |  

Make an extra mortgage payment

“Making one extra monthly payment a year (depending on the timing of the payment) applied to the principal can knock off as much as six years off a 30 year fixed mortgage,” calculates Shipley. Wouldn’t we all like to owe a little less when it comes to that monthly house bill? This is a great way to stay ahead of the game.

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