Comments on: Extra Mortgage Payments http://frugalbabe.com/2007/11/10/extra-mortgage-payments/ A rich life without a lot of money Tue, 07 Oct 2008 14:59:09 +0000 http://wordpress.org/?v=abc By: TBH http://frugalbabe.com/2007/11/10/extra-mortgage-payments/#comment-15898 TBH Sun, 25 Nov 2007 14:16:36 +0000 http://frugalbabe.com/2007/11/10/extra-mortgage-payments/#comment-15898 I was overpaying ours for a while, but we are so far from maxing our retirement accounts that I decided it was foolish to pay down a debt that's fixed at 5.25. I still round up to the nearest 100, so I'm paying about $15 extra per month, but no more. But I so want to pay it off early! It's taking a lot of will power to keep from prepaying it. I was overpaying ours for a while, but we are so far from maxing our retirement accounts that I decided it was foolish to pay down a debt that’s fixed at 5.25. I still round up to the nearest 100, so I’m paying about $15 extra per month, but no more.

But I so want to pay it off early! It’s taking a lot of will power to keep from prepaying it.

]]> By: Mary Ann Kimbler http://frugalbabe.com/2007/11/10/extra-mortgage-payments/#comment-15875 Mary Ann Kimbler Sat, 24 Nov 2007 18:19:39 +0000 http://frugalbabe.com/2007/11/10/extra-mortgage-payments/#comment-15875 I added just 10.00 a month to my payment and ever 5 months was a full payment My interest was also charged on a daily basic too so paying one day ahead each month saved us 19,00 a day in interest. if you don't need to get ahold of the money great way for your money to grow is to pay extra on your mortgage. You get around 300% interest on the money I added just 10.00 a month to my payment and ever 5 months was a full payment My interest was also charged on a daily basic too so paying one day ahead each month saved us 19,00 a day in interest.
if you don’t need to get ahold of the money great way for your money to grow is to pay extra on your mortgage. You get around 300% interest on the money

]]> By: jenn http://frugalbabe.com/2007/11/10/extra-mortgage-payments/#comment-15764 jenn Tue, 20 Nov 2007 10:37:23 +0000 http://frugalbabe.com/2007/11/10/extra-mortgage-payments/#comment-15764 What is scary to me (depending on the mortgage type) is how long it takes for the principal you are paying to actually equal the interest. What is scary to me (depending on the mortgage type) is how long it takes for the principal you are paying to actually equal the interest.

]]>