Why Does It Take Less Money To Pay Off A Home This Way

Why Does It Take Less Money To Pay Off A Home This Way

It's all about efficiency. The old banking systems (i.e. mortgages) are designed to make banks a lot of money over a long period of time. When one eliminates these outrageous interest-first payments, utilizes a line of credit and effectively reduces the daily-interest of a mortgage - a home can be paid off in 5-7 years.