Use Your Tax Refund to Take 5 Years Off Your Mortgage!

By using your tax refund to add an extra payment to your mortgage, you can dramatically shorten the life of your loan. On a $250,000 30-year mortgage with a 5% interest rate, paying down an extra mortgage payment a year will shorten your mortgage by 5 years and save you almost $41,000 in interest. What you do with all the extra cash after that is up to you!

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