Unless I was to win the lottery...lol Thanks!Answer Question
Asked by Anonymous at 9:57 PM on Apr. 29, 2009 in Home & Garden
Pay something extra every month or as often as you can with a separate payment to go directly to the principle. Not only will this help you pay your mortgage off years earlier, it will also cut thousands of dollars off the total amount of interest you will pay over the life of your loan.
Answer by BlessedMommy64 at 10:11 PM on Apr. 29, 2009
Answer by teri4lance at 10:20 PM on Apr. 29, 2009
We TRY and make 13 payments a year (this year we might not, since bonuses were cut), like teri4lance said. We also take any extra money we have and make "principal only" payments. The more you pay down the principal, the less interest you will pay on the principal, and so the less time it will take to pay. Its really a great time to refinance, so if you can- refinance and then continue to pay the higher amount, even an extra $100 onto principal every month can make a BIG difference.
Answer by LuminousMom at 11:39 PM on Apr. 29, 2009
Answer by Anonymous at 12:17 AM on Apr. 30, 2009
Answer by kaycee14 at 12:46 AM on Apr. 30, 2009
Answer by Momma_Halo at 1:56 AM on Apr. 30, 2009
Answer by kylesboo at 12:09 PM on Apr. 30, 2009
Answer by Mom2Jack04 at 11:09 PM on Apr. 30, 2009
Answer by lifeasinoit at 10:58 AM on May. 1, 2009
Answer by rkoloms at 1:42 PM on May. 3, 2009
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