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Tuesday, May 11, 2010

Mortgage on your home

This article explains how to pay off your mortage early. - but after you have built up an emergency fund and have set aside money for your children's education.

My comment
It is more important to avoid getting a large mortgage in the first place. You should buy a property within 5 years of your annual income, and pay it within 25 years with a monthly repayment of less than 25% of your income. This is explained in my book on financial planning.

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