Sentences with phrase «mortgage crossover point»
Nickel talks about the mortgage crossover point, which is the point where more of your mortgage payment goes to pay principal than interest.
http://allfinancialmatters.com/ Not exact matches
For the example above, this crossover point is met after 152 monthly payments, though there are pre-payment strategies to pay down your mortgage quicker, avoiding interest charges and gaining equity at a faster pace.