This book shows home owners how to achieve significant savings by devising a systematic, affordable method for managing your mortgage. It explains how mortgages work - revealing the relationship between equity and cost - and describes how you can design an acceleration plan that will work for your mortgage (and how arguments against such plans are often flawed).
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ISBN-13
978-0-471-50062-9 (9780471500629)
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Schweitzer Klassifikation
The real cost of housing; facts about mortgages; interest and equity - who really profits?; figuring loan amortization; shorter-term mortgages; flexible plans; plans for adjustable rate mortgages; the emergency reserve fund; the flawed arguments; picking the right mortgage; when to refinance; managing your debt; avoiding temptation. Appendices: amortization table; remaining balance tables; sample acceleration plans.
