The Real Estate industry is an ever-evolving entity in our time. Keeping up with it's fluctuations can be intimidating. Let's keep ourselves informed!

Monday, July 23, 2007

A new way to pay off your house


A different type of home loan, called a mortgage accelerator, has migrated to the United States. It uses home-equity borrowing and a borrower's paychecks to shorten the time until a mortgage is paid off, potentially saving tens of thousands of dollars in interest expense.

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