Working as a contractor has its own charm but it has its downsides as well. Compound interest is why the sum of your monthly home loan repayments exceeds the amount you borrowed to begin with. With a bit knowledge of excel and the right link you'll have your own fully customizable mortgage calculator on your own desktop. A good calculator can even be ideal for determining the length of time it will get you to repay your house loan based about the payments you're already making.
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