Most homeowners purchased their homes with some financing involved. Typically a 30 years mortgage with low fixed interest rate appears to be the smartest way to go. But in the long process a big toll is paid.
For example a $200,000.00 loan at 6.0 % interest for 30 years will have a monthly payment of principal and interest of $1,199.10.
Each year the consumer pays $14,389.20...
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