If you have a mortgage in the United States, there's one thing that might annoy you. In other parts of the world, such as Canada, the interest is calculated montly.
However, in the US, your interest is calculated daily.
"No, monthy. That's why it's called monthly interest."
That's what the banks want you to believe, and this is one of the things we try to dispell in our new Mortgage Acceleration Report.
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