Apartment Therapy -
8 Jun 2018 14:00
There's nothing quite like the excitement of finding and buying your dream home. You found a home within your budget, set aside a down payment and found a mortgage at a stellar rate. But did you know over the course of that 30-year fixed-rate mortgage, you'll end up paying almost as much in interest to the bank as you will toward the house itself? That is, unless you know how to beat the system. Here's the scenario: You take out a 30-year, $300,000 fixed-rate mortgage at 5% interest. That comes ...
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