What's Faster for Mortgage Payoff: $100/Month Extra or 1 Payment/Year Extra?

Is it better to pay $100 per month extra on your mortgage or make an extra payment at the end of each year? It depends on your loan balance and interest rate.

Share the love!

This Valentine's Day, share the love around the world! allows anyone with at least $25 dollars to spare to provide a loan to an entrepreneur in the developing world. [more]