LogFAQs > #950738815

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Topic	wait, most mortgages are 30 years?
TheBlueMonk_ 02/17/21 12:46:58 PM #11:	Trumble posted... Can you use those savings, to make more money, than you'd have saved by paying your mortgage off quicker - keeping in mind that paying it off quicker can significantly reduce the total amount you pay? (Even just making weekly rather than fortnightly payments, while otherwise still sticking to minimums, can knock close to $10k off an average size mortgage, simply because all the tiny amounts of interest saved this way add up. But it's quite possible you could use those savings, invested wisely, to make far more than $10k over the same time.) hm so youre saying dump all my savings into bitcoin and hope for the best DONE lol but seriously i see what youre saying. hmm im not sure... id have to do more calculations... --- Park Minyoung NOONA <3 https://imgur.com/F5yuHSF <cite>TheBlueMonk_ posted [p:950738815] in wait, most... [t:79300312]...</cite> <quote>Trumble posted... </cite> <quote>Can you use those savings, to make more money, than you'd have saved by paying your mortgage off quicker - keeping in mind that paying it off quicker can significantly reduce the total amount you pay? (Even just making weekly rather than fortnightly payments, while otherwise still sticking to minimums, can knock close to $10k off an average size mortgage, simply because all the tiny amounts of interest saved this way add up. But it's quite possible you could use those savings, invested wisely, to make far more than $10k over the same time.)</quote>hm so youre saying dump all my savings into bitcoin and hope for the best DONE lol but seriously i see what youre saying. hmm im not sure... id have to do more calculations... --- Park Minyoung NOONA <3 https://imgur.com/F5yuHSF</quote> ... Copied to Clipboard!
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