Monthly Archives: February 2019

The 30-year mortgage is one reason most people don't become millionaires, according to the author Chris Hogan, who surveyed 10,000 American millionaires. He did the math: A homeowner with a $225,000 mortgage at a 4% interest rate could save more than $87,000 in interest by opting for a 15-year fixed mortgage over a 30-year fixed…