Article: Most American Homeowners Overpay Mortgage Interest Every Month
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Most American Homeowners Overpay Mortgage Interest Every Month
If you own a home, have just re-financed or are shopping for a mortgage, you?ll be outraged.
Housing: Americans across the country were shocked to hear of a new poll that states 97% of homeowners here in America are overpaying millions of dollars each month in mortgage interest.
The National poll was conducted last month to determine how many homeowners take advantage of the prepayment loophole in our mortgage system, which eliminates costly interest overpayments.
The shocking results showed only 3% of America?s homeowner population utilize this loophole and take advantage of the valuable benefits created by it.
When Sean Drover, a Chicago businessman and homeowner found out he was overpaying $217 in mortgage interest every month,...
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