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Old 04-15-2011, 08:11 AM   #1
czarina
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pay off your mortgage faster

For those of you who have mortgages, here is a little trick:
http://www.letthesavingbegin.com/bor...ge-free-faster
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Old 04-15-2011, 08:21 AM   #2
fatfoo
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I agree that frequency of payments can be increased. Period of mortgage can be shortened.
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Old 04-15-2011, 08:22 AM   #3
~Ray
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decent tips.

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Old 04-15-2011, 08:28 AM   #4
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Yeah .

I actually heard most of that a few years back from a friend that was an Underwriter for a Mortgage company.

She said paying half every 2 weeks is one of the best things that you can do.
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Old 04-15-2011, 09:08 AM   #5
adult_text_links
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yea these are good tips ... Whatever extra cash is left at the end of the month goes on the mortgage I don;t give 3 fucks of putting any $ away now ... at this rate a 180,000 mortgage i'll have it paid in 4 yrs!

Fuck the banks ... those dirty cock smokers can kiss my ass.
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Old 04-15-2011, 09:11 AM   #6
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It is mostly just paying extra. 4.5% is a great rate and most of us would like to borrow at that rate, not pay it off.
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Old 04-15-2011, 09:12 AM   #7
Bryan G
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I pay mine every two weeks as well. Should take about 5 years off the original time. I should have it paid off in 20 years. Still a fucking long time. Ugg
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Old 04-15-2011, 09:34 AM   #8
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I cant afford a mortgage...
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Old 04-15-2011, 10:04 AM   #9
martinsc
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good stuff
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Old 04-15-2011, 10:38 AM   #10
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Maybe someone can shed some light on this.... 4.5% is a great rate to borrow at. Why would you want to pay that off earlier when you can do other things with that money your using to make extra payments. That combined with the tax write offs of the interest... it doesn't make much sense to me.

Also you have way more equity in your house if you were ever sued or something.
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