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How fast can i pay off my car if I make double payments

 
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anonymous


Hi, How fast can i pay off my car if i make double payments?
0     In Mortgage

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    Q. How fast can mortage be paid if paying double?


    If you have a 250K mortgage at 4.25% interest for 25 years, the monthly payment is 1349. If you pay 2698, the mortgage will be paid in 10 years . Check with your bank on how much you are allowed to increase your principal and interest payments as not all bank allow 100% monthly payment increase.

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