Birdwatch Note Rating
2024-07-12 06:39:10 UTC - HELPFUL
Rated by Participant: 57173675233BAD3D98F6FD91FD3ABE51ACD8DF8518A36D4C7061B8CC535A1EC3
Participant Details
Original Note:
This is misleading. While making an extra mortgage payment every year does significantly reduce the timeline on your mortgage it does not reduce it by 13 years rather by 5 or 6 years. https://movement.com/blog/2023/06/save-big-just-one-extra-mortgage-payment-every-year#:~:text=As%20a%20general%20rule%20of,26%20years%20instead%20of%2030. https://www.thepennyhoarder.com/debt/one-extra-mortgage-payment-a-year/
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