You may have noticed that your mortgage just doesn’t seem to pay ITSELF off. And, the banks are wonderful at giving you as much debt as they possibly can because the more money you owe and the longer you owe it, the more money they make from you.
- The Interest Rate – low is of course good, but the lowest interest rate alone will not save you
- Frequency of payments – the more often you contribute to your debt, the less interest you will pay
- The Strategy