Interest rate won't chage.

来源: xhz3 于 2009-07-08 10:06:48 [] [旧帖] [给我悄悄话] 阅读数 : (277 bytes)

when loan amount gets lower after you paid extra to the principle, the interest you pay every month will decrease and the amount goes to principle will increase. If your mortgage interst rate is 5 %, the extra money you paid will gave you 5 % yield (tax free income)every year.

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