- This topic has 7 replies, 1 voice, and was last updated April 18, 2007 at 9:53 pm by .
- April 18, 2007 at 9:53 pm #251668Guest
Paying extra on a mortgage adds up faster than you may think. Making just 1 extra payment a year on a 30 year mortgage will pay it off in 15 years. If you can setthe payments up &pay it every 2 weeks instead of once a month helps too…
wrote:Car repairs – check with local high school or trade schools that teach
car repair. We have a few here in
Memphisthat allow you to bring your car in for the kids to work on. They get experience and you get free repairs.
And here the work is good as they must have the instructor go over everything and make sure it’s good so they can grade them.Mortgage – we round up our payment to the next hundred every month and use bonus money from work towards it as well. You would think that wouldn’t allow for much towards the bottom line but it does!!
According to my amortization statement I should only be at the 46th payment but the actual balance i owe is lined up the payment number 82 (36 payments
ahead!!). You don’t say what kind of mortgage you have but if it’s an arm i would highly suggest you refi to a fixed rate. that in itself will save you money.good luck!yolonda(the last thing to go on the credit card was brakes and other vehicle repairs.)
vickie <Vcoumb@aol.com> wrote:
Help me sort what i need to pay off and how to get this mortgage down.