How Money Works: Mortgages



True or False?

A large down playment will save you more money over time than a small down payment.
A 15-year mortgage will save more money over time than a 30 yar mortgage.
Making extra principal payments saves you money.
The interest rate is the main factor in determining the cost of a mortgage.
You are more secure having your house paid off than financed 100%
Have You Been Mislead home
You likely answered yes to most if not all of the questions. If you did, you have been misled! We would love to teach you how mortgages really work and how this found money, the largest of the Wealth Transfers, can be used for YOUR benefit, not the banks.
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