May 6th, 2013, The Sheikhy Team
Buying Your First Home
Make sure you qualify for the higher payments of a 25-year amortization. The amortization period has been reduced to a maximum of 25 years from 30 years. The result is slightly higher payments, because they’re not spread out as long. There is a payoff, though: you will pay thousands of dollars less in interest payments over the (shorter) life of your mortgage.
Reduc ...