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2. What happens when you pay off your mortgage? - AOL

   www.aol.com/finance/happens-pay-off-mortgage...

   If you want to pay off your mortgage early, you have two main options: Prepaying the principal: This involves paying more towards the principal amount of your loan, reducing the total interest ...

3. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

   www.aol.com/dave-ramsey-7-tips-paying-120027516.html

   Make one extra payment each quarter to shave 11 years and nearly $65,000 off your mortgage. Divide your payment by 12 and add that amount to each monthly payment, or pay half of your payment every ...

4. What's the 10/15 rule and does it really help you pay off ...

   www.aol.com/finance/whats-10-15-rule-does...

   By applying the 10/15 rule, your average payment each month would amount to $2,290 — an extra $690 — but your mortgage would be paid off in just over 13-and-a-half years and you’d save over ...

5. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   The amount of the monthly payment at the end of month N that is applied to principal paydown equals the amount c of payment minus the amount of interest currently paid on the pre-existing unpaid principal. The latter amount, the interest component of the current payment, is the interest rate r times the amount unpaid at the end of month N–1 ...

6. Amortization schedule - Wikipedia

   en.wikipedia.org/wiki/Amortization_schedule

   An amortization schedule indicates the specific monetary amount put towards interest, as well as the specific amount put towards the principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal.

7. Should I pay off my mortgage early? - AOL

   www.aol.com/finance/pay-off-mortgage-early...

   However, the amount you save when you pay off your mortgage early might not be more than what you would earn if you put those funds to work elsewhere. On the other hand, the benefits of paying off ...