Is it worth paying off your mortgage early? By paying off your mortgage early, you'll save on the additional interest expense that would have been incurred in your regular payments. This savings can be significant, and will increase with the prepayment amount. ... The lower your interest rate, the less you stand to benefit through early retirement of debt.
Is a 5'1 arm a good idea? Mortgage Guide The advantage of a 5/1 ARM is that during the first phase, you get a much lower interest rate and payment. If you plan... more