Mr. Money Mustache shares the difference between a 15-year and 30-year mortgage and challenges you to refinance.
Episode 154: MMM Challenge: Get Yourself a Lower Mortgage Rate by Mr. Money Mustache.
Mr. Money Mustache is a thirty-something retiree who now writes about how we can all live a frugal, yet awesome, life of leisure.
He and his wife studied engineering and computer science in Canada, then worked in standard tech-industry cubicle jobs in various locations throughout the late '90s and early 2000s.
Then they retired from real work way back in 2005 in order to start a family. This was achieved not through luck or amazing skill, but simply by living a lifestyle about 50% less expensive than most of their peers and investing the surplus in very boring conservative Vanguard index funds and a rental house or two.
The original post is located here: http://www.mrmoneymustache.com/2011/05/24/mmm-challenge-get-yourself-a-lower-mortgage-rate
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