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Most people end up paying far more for their mortgage than they really should.

In the first place there seems to be a kind of universal rule that the mortgage term should last over 25 years - the idea of this is obviously to keep the monthly expenditure to a minimum.

But have you ever considered how much you could save if you reduced the term to only 20 years?

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ultimateeenterprises, AU, Member since 05/03/2010

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