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Originally Posted by JayMcGee
You cut a 30 term mortgage to 7.5? That's some going! Congrats are surely due.
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Thanks! If you start early, it's a lot easier. An extra dollar on the first payment at my interest rate was the equivalent of almost seven dollars on the last. So, an extra payment on the first year was (roughly) equivalent to taking 5-7 payments off the loan. I managed a bit more than that, obviously, but the principle remains (or dwindles, as the case may be).