Traditional mortgages You must escape from the clutches of the banks.Initial 25 years Principal & Interest Loan for $250,000 Interest rate at 7.25% per annumRepayments of $1,807.02 per monthThis means yearly repayments of $21,684So over the first 5 years you have paid a total of $108,421 FOR WHAT.To reduce your principal mortgage amount by only … Continue reading Debt Management