Nothing’s Lost When “Starting Over a Mortgage”      Loan Amortization Explained

Eli Minzer was 10 years into a 30-year mortgage, and starting the clock back to month one seemed crazy to him. He had 240 payments left on his original $507,500 mortgage, which he’d taken out at 4%. A mortgage broker kept suggesting that Eli refinance the $400,000 he still owed to grab the 3% rate […]

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