Posts Tagged ‘forward rates’

Ask an Ex-Banker: Mortgages Part II - Should I Pay My Mortgage Early?

Ask an Ex-Banker: Mortgages Part II – Should I Pay My Mortgage Early?

By The Banker | Ask an Ex-Banker, Blog Posts, Personal Finance

Dear Banker, Most months we manage to cover our costs and have a little extra left over.  Sometimes I send the bank an extra $500 or $1,000 toward paying down our mortgage balance, which has another 21 years to go.  Once I sent close to $5,000.  Does this make sense?  — Manny T., Chicago, IL [&hellip