Outstanding student loans, now at the $1 trillion level, have caught the attention of the media and the politicians. To illustrate the need for some kind of action on the part of Congress, horror stories of individuals who have become hopelessly enslaved by student loans have been featured in newspapers, magazines, blog posts, and on [...]
One of the drawbacks to prepaying the principal of a mortgage in order to pay it off faster is that it does not reduce the amount of the monthly house payment. So while the home owner may realize a savings on interest in the future by retiring of the mortgage sooner, there is no immediate [...]
